Bitcoin Mining
UAE Bitcoin Miner Phoenix Group Reports 43% Revenue Decline, Highlights Shift Toward Digital Treasury
- The company reported visibly lower earnings and net loss in Q2 2025 while establishing a $150 million digital asset treasury and mining 336 Bitcoin.
- Despite operational challenges, the company's stock surged 72% during the quarter as investors embraced its treasury strategy and AI infrastructure expansion plans.
Thursday, 31/07/2025 | 06:57 GMT by
Damian Chmiel
Bitcoin Miner Phoenix Group Posts $154 Million Loss and 54% Revenue Decline in Q1 2025
- The decline of over 300% was primarily driven by unrealized losses on digital assets as cryptocurrency market volatility intensified.
- However, gross mining margins improved to 30% in Q1 2025, up from 24% in the previous quarter.
Thursday, 08/05/2025 | 07:35 GMT by
Damian Chmiel
Wall Street BTC Miner Hut 8 Forms American Bitcoin After Deal with Trump-Linked Investors
- Hut 8 traded most ASIC miners for a majority stake in American Bitcoin.
- American Bitcoin, formerly American Data Centers, is backed by Eric Trump and Donald Trump Jr.
Monday, 31/03/2025 | 09:47 GMT by
Tareq Sikder
Argo Blockchain Bitcoin Miner Aims to Double Hashrate with GEM Mining Acquisition
- The crypto company enters non-binding term sheets for a $21.7 million asset purchase and a $10 million investment.
- It also announced this week a change in CEO, who will need to fill a $6.3 financial gap.
Wednesday, 26/03/2025 | 08:29 GMT by
Damian Chmiel
Former Wall Street Bitcoin Miner Exec Returns After 2 Years as CEO, Faces $6.3M Financial Gap to Fill
- Justin Nolan recently served as CEO at Arkon Energy and previously helped develop Argo's Helios project.
- Now he returns to lead the cryptocurrency mining company's efforts to get back to profitability.
Monday, 24/03/2025 | 08:25 GMT by
Damian Chmiel
Bitcoin Miner from Wall Street HIVE Projects 317% BTC Production Capacity Growth
- HIVE Digital Technologies has acquired a 200 MW hydro-powered facility in Paraguay for $56 million.
- The company aims to increase its mining capacity from 6 EH/s to 25 EH/s by September 2025.
- In the meantime, it also appointed Gabriel Lamas as Country President of Paraguay to lead its regional expansion.
Tuesday, 18/03/2025 | 07:00 GMT by
Damian Chmiel
Bitfarms Boosts AI and Bitcoin Mining With Stronghold Acquisition
- The latest acquisition reportedly strengthens Bitfarms' efforts to integrate artificial intelligence (AI) computing alongside Bitcoin mining.
- Following the acquisition, 80% of Bitfarms' energy portfolio is now based in North America, aligning with its expansion strategy.
Monday, 17/03/2025 | 20:34 GMT by
Jared Kirui
Phoenix Group CEO Acquires 20 Million Shares as Firm Weighs U.S. Listing
- Munaf Ali has been purchasing shares of the publicly traded mining company since November, but this has not improved the stock price.
- At the same time, the company reveals that it is considering an additional listing outside of ADX, targeting Wall Street.
Monday, 10/03/2025 | 10:07 GMT by
Damian Chmiel
Bitcoin Price Dropped by 18% in February, Dragging Down Production of This Wall Street BTC Miner
- Bitcoin's price fell to $80K last month, marking its steepest decline in nearly three years.
- Despite this, mining difficulty continued to rise, leading to lower production for Hive Digital and other industry players.
Monday, 10/03/2025 | 09:23 GMT by
Damian Chmiel
Bitcoin Price Dropped Below $80K, Along with the Performance of BTC Miners from Wall Street in February 2024
- Major U.S. Bitcoin miners reported lower production in February due to a shorter month and increased network difficulty.
- The sector faces rising hashrate and lowering Bitcoin price, which dropped by 18% last month.
Wednesday, 05/03/2025 | 07:47 GMT by
Damian Chmiel
MARA Delivers Record Profits as Bitcoin Holdings Surge 197% to $4.6 Billion
- MARA Holdings reported record financial results for Q4 and full-year 2024, with revenue up 69% annually to $656.4 million.
- Wall Street Bitcoin miner transforms into vertical energy and infrastructure company amid AI market shift.
Thursday, 27/02/2025 | 07:05 GMT by
Damian Chmiel
Wall Street Bitcoin Miner's Stocks Collapse as BTC Price Slips Below $90K
- Double-digit declines to multi-month lows hit all miners, with the worst performer losing 30%.
- This is driven by weaker 2024 financial results but, more importantly, Bitcoin’s falling price.
- BTC dropped to just $86,000, breaking key support levels. Analysts predict a further decline may occur soon.
Wednesday, 26/02/2025 | 07:16 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Just Hoarded $1.65 Billion in BTC
- Riot Platforms achieved record revenue of $376.7 million and grew its Bitcoin holdings to 17,722 coins in 2024 despite industry challenges.
- The company is now exploring AI and high-performance computing opportunities to fight the rising competition and hash rate.
Tuesday, 25/02/2025 | 07:18 GMT by
Damian Chmiel
Wall Street Bitcoin Miner MARA Acquires Texas Wind Farm: Using ASIC Hardware
- The firm has acquired a wind farm with 240 MW interconnection and 114 MW nameplate capacity.
- The company is lending 16% of its BTC through short-term agreements with a yield under 10%.
Tuesday, 18/02/2025 | 13:37 GMT by
Tareq Sikder
Bitcoin Miner HIVE Names Former Apple Exec to Lead Cloud Unit in $100 Million Push
- The company has appointed Craig Tavares as President and COO of Buzz HPC to spearhead its GPU Cloud and HPC services expansion.
- Tavares brings over 20 years of digital infrastructure expertise and will lead the company into a $40B new market.
Tuesday, 18/02/2025 | 07:13 GMT by
Damian Chmiel
This Bitcoin Miner Nears Penny Stock Status as Revenue Declines Despite Mining Gains
- Phoenix Group's overall financial performance declined in 2024, with total revenue and profit falling 20–30% year-over-year.
- Since its late 2023 listing, the company's shares have lost 60% of their value and are now trading near penny stock levels.
Monday, 17/02/2025 | 07:51 GMT by
Damian Chmiel
Meta and Microsoft Expert to Help Bitcoin Miner Riot Enter AI World, $38B at Stake
- Riot Platforms appoints three new board members with AI and data center expertise, including Doug Mouton from former Facebook.
- The company is investigating the conversion of its Bitcoin mining facilities for artificial intelligence applications.
Thursday, 13/02/2025 | 07:50 GMT by
Damian Chmiel
Wall Street BTC Miner HIVE Posts $29.2M Revenue as Bitcoin Holdings Top $260M
- HIVE Digital Technologies reports strong quarter with $17.3M adjusted EBITDA, while growing its Bitcoin holdings to 2,805 BTC.
- The company is aiming to increase hashrate from 6 EH/s to 25 EH/s by September 2025.
Wednesday, 12/02/2025 | 06:54 GMT by
Damian Chmiel
This Bitcoin Miner from Wall Street Plans 317% Hash Rate Jump by September
- HIVE Digital Technologies mined 102 Bitcoin in January 2025 while maintaining a 5.7 EH/s average mining capacity.
- The company also announced an acquisition in Paraguay that will expand its operations to 25 EH/s in 2025.
Thursday, 06/02/2025 | 07:30 GMT by
Damian Chmiel
Bitcoin Miners from Wall Street Pivot to AI as Bitcoin Operations Face Headwinds in 2025
- Major U.S. Bitcoin miners reported mixed production results for January, with weather challenges impacting operations.
- In the meantime, they are pivoting towards infrastructure optimization and exploring AI opportunities.
Wednesday, 05/02/2025 | 06:57 GMT by
Damian Chmiel
Wall Street Bitcoin Miner Bitfarms Hires Consultants to Evaluate AI and HPC
- The firm runs 12 Bitcoin mining centres, with two more being developed in four countries.
- The company relies on hydroelectric power and long-term energy contracts for its operations.
Friday, 31/01/2025 | 13:04 GMT by
Tareq Sikder
Bitcoin Miner from Wall Street Deploys 7,800 Bitcoin Miners in Tennessee-Quebec Split
- Argo Blockchain secures hosting arrangement with Merkle Standard for over 5,000 Bitcoin miners in Memphis.
- The company expects to have one-third of its previously Helios-hosted miners operational by February's end.
Monday, 27/01/2025 | 08:01 GMT by
Damian Chmiel
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