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Bitcoin Mining
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CryptoCurrency
BTC Miner Hut 8 Doubles 2022 Net Loss to $176 Million
Despite higher Bitcoin production, Hut 8 felt the rising costs and lowering BTC prices.
BTC miner joins its competitors and increases the overall net loss.
Thursday, 09/03/2023 | 12:56 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations
Hut 8 sold 188 BTC in January 2023.
The Canada-based miner merged with US Bitcoin last month.
Tuesday, 07/03/2023 | 20:36 GMT
by
Solomon Oladipupo
CryptoCurrency
Canaan Reports 82% Lower Revenue in "Tough" Q4 2022.
The mining equipment manufacturer's revenues were falling in 2022, with a slump in cryptocurrency prices.
To mitigate the risk, Canaan focuses on developing its crypto self-mining business.
Tuesday, 07/03/2023 | 12:49 GMT
by
Damian Chmiel
CryptoCurrency
Argo Daily BTC Production Rises 7% in February despite Network Difficulty Jump
Bitcoin network difficulty rose by 10% in February 2023.
However, Argo was still able to increase its daily Bitcoin mining capacity.
Tuesday, 07/03/2023 | 08:45 GMT
by
Damian Chmiel
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CryptoCurrency
HIVE Blockchain Reports $90m Loss in Q4 2022 amid Lower Bitcoin Prices
The net loss came in at $90 million, rising from a $37 million loss reported in Q3.
HIVE tries to compensate for challenging market conditions by energy hedging.
Wednesday, 22/02/2023 | 15:10 GMT
by
Damian Chmiel
Innovation
The Proof-of-Stake (PoS) Response to Energy Backlash
Is it the end for the PoW model?
Monday, 20/02/2023 | 16:48 GMT
by
Finance Magnates Staff
CryptoCurrency
Argo Blockchain Produces More BTC in January Due to Lighter Winter
Harsh winter conditions limited BTC production in December 2022.
In January 2023, the overall Bitcoin production was 14% higher.
Wednesday, 08/02/2023 | 10:21 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8 Merges with US Bitcoin to Fight Crypto Winter
Two companies announced the merger of equals.
The joint mining capacity will reach 5.6 EH/s.
Wednesday, 08/02/2023 | 09:27 GMT
by
Damian Chmiel
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CryptoCurrency
HIVE Blockchain Reports BTC Production and Bets on Grid Balancing
January mining statistics were slightly lower than a year ago.
However, the company generated additional revenue due to the energy price hedging.
Tuesday, 07/02/2023 | 09:30 GMT
by
Damian Chmiel
CryptoCurrency
BTC Miner Northern Data Increases its Crypto Production by 315% in 2022
The company wants to move its ASIC machines outside of Europe.
Northern Data forecast high revenue despite the current industry crisis.
Thursday, 12/01/2023 | 09:06 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Reports 35% Lower Bitcoin Production in December
Argo produces less BTC due to the harsh winter in the US.
The firm halted production at one of its mines to lower the strain on the electric grid.
Wednesday, 11/01/2023 | 09:39 GMT
by
Damian Chmiel
CryptoCurrency
Bankrupt Core Scientific Reports Higher Bitcoin Production
The company keeps mining despite a bankruptcy filing from last month.
Publicly-listed miners' revenue fell significantly in 2022.
Tuesday, 10/01/2023 | 11:41 GMT
by
Damian Chmiel
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CryptoCurrency
HIVE Blockchain Increases Its Bitcoin Production, Mines 4,752 BTC in 2022
BTC production increased by 18% compared to 2021.
HIVE leverages current crypto bear market to invest in discounted mining rigs.
Monday, 09/01/2023 | 10:06 GMT
by
Damian Chmiel
CryptoCurrency
Why Bitcoin Miners Made $6 Billion Less in 2022?
BTC mining companies cut their revenues due to the prolonged crypto winter.
Despite the lowering yield, BTC network difficulty constantly increased throughout 2022.
Thursday, 05/01/2023 | 10:02 GMT
by
Damian Chmiel
CryptoCurrency
Bitfarms Ends 2022 with 50% Increase in BTC Mining
Despite the visible mining growth, the company's revenues are slumping.
Bitfarms was forced to increase sales of its Bitcoin reserves.
Tuesday, 03/01/2023 | 13:14 GMT
by
Damian Chmiel
CryptoCurrency
BTC Miner Northern Data Forecasts $204m in Revenue Despite Industry Crisis
The company's revenue is expected to grow by 1.11% compared to the record in 2021.
The mining industry was hit hard by the drop in Bitcoin prices and rising energy costs.
Thursday, 22/12/2022 | 09:25 GMT
by
Damian Chmiel
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CryptoCurrency
Iris Energy Switches Off Its Mining Hardware, Feels the Crypto Winter
The unplugged rigs were producing insufficient cash flow.
Operations generated a $2 million monthly profit, only 29% of the debt obligation.
Wednesday, 23/11/2022 | 11:32 GMT
by
Damian Chmiel
CryptoCurrency
HIVE Revenues Down 45% in Q3 Despite Higher BTC Production
The company mined 858 BTC, 31% more than a year earlier.
Declining BTC and ETH prices translated into lower revenues and quarterly net loss.
Wednesday, 16/11/2022 | 08:35 GMT
by
Damian Chmiel
News
CleanSpark Acquires Bitcoin Mining Machines to Expand Its Capacity
CleanSpark is a NASDAQ-listed firm under the CLSK ticker.
The manoeuvre adds 93 petahashes per second to the company's capacity.
Thursday, 14/07/2022 | 17:01 GMT
by
Felipe Erazo
Op-ed
CryptoCurrency
Op-ed
Is Bitcoin Mining Still Profitable?
After a massive tumble in price, is mining btc still worthwhile?
Thursday, 14/07/2022 | 08:41 GMT
by
Liam Peak
ADVERTISEMENT
News
White Rock Management Launches Bitcoin Mining Facility in the US
This is the first BTC mining facility deployed in the United States.
The operations will use environmentally-friendly services to produce Bitcoin.
Tuesday, 28/06/2022 | 17:25 GMT
by
Felipe Erazo
News
Bitcoin Hash Rate Approaches All-Time High
The mining rate currently stands at around 226 Exahash.
BTC mining revenues are declining sharply amid market correction.
Saturday, 11/06/2022 | 10:46 GMT
by
Bilal Jafar
FinTech
Galaxy Digital Sees $111.7m Net Loss as Digital Asset Price Falls during Q1
The loss contrasts against last year's $858.2m gain.
Crypto total market cap fell by 7% during Q1.
Monday, 09/05/2022 | 15:23 GMT
by
Solomon Oladipupo
CryptoCurrency
GEM's Bitcoin Production Falls in April despite Increase in Active Miner Fleet
GEM’s revenue fell by 4.3% in April.
A Miner says April output “second-best production results” since inception.
Thursday, 05/05/2022 | 18:49 GMT
by
Solomon Oladipupo
ADVERTISEMENT
News
HIVE Blockchain Produces 278 BTC in March 2022
The company has increased its Bitcoin mining capacity in the past few months.
Total Bitcoin equivalent production reached 447.4 BTC during the last month.
Wednesday, 06/04/2022 | 07:16 GMT
by
Bilal Jafar
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