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CryptoCurrency
Canadian BTC Miner HIVE's Revenue Halves from Record High
HIVE reported a net loss of $236M and blamed its performance on lower BTC prices.
However, experts believe BTC price could reach $32,000 soon.
Friday, 30/06/2023 | 15:30 GMT
by
Solomon Oladipupo
Institutional FX
Bitcoin Miner Hut 8 Secures $50M Credit Facility from Coinbase
The mining firm said the facility provides ‘additional financial flexibility’.
It follows an announcement of a merger between Hut 8 and US Bitcoin.
Monday, 26/06/2023 | 19:01 GMT
by
Jared Kirui
CryptoCurrency
US Bitcoin Miner Core Scientific Files Chapter 11 Plan
The publicly listed crypto miner plans to repay secured creditors in full.
It said it had seen a boost in its mining business due to improving Bitcoin prices.
Wednesday, 21/06/2023 | 16:29 GMT
by
Jared Kirui
CryptoCurrency
Binance Launches BTC Cloud Mining Product outside US
The new product is unveiled when the exchange and its CEO face a lawsuit in the US.
The exchange sells a minimum of 1 Terahash per second (Th/s) unit at $10.7280.
Thursday, 15/06/2023 | 07:44 GMT
by
Arnab Shome
CryptoCurrency
Argo Blockchain Notes 16% Uptick in Bitcoin Production in May 2023
The publicly-listed BTC miner produced 173 BTC last month.
Additionally, it increased its mining revenue by 14%.
Wednesday, 07/06/2023 | 07:27 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Reports $8.7m Net Loss in Q1 2023 amid Revenue Growth and Cost Reductions
The publicly-listed miner reported increased revenue and cost reductions in Q1 2023.
However, the quarter did not prove profitable with a net loss of almost $9 million.
Tuesday, 06/06/2023 | 08:10 GMT
by
Damian Chmiel
Education Center
The Debate Over the Environmental Impact of Cryptocurrency Mining
A much-needed discussion.
Friday, 05/05/2023 | 18:01 GMT
by
FM Contributors
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CryptoCurrency
Marathon Digital Mines Record 2,195 Bitcoins in Q1 2023
The company's hash rate increased by 64% in the first quarter.
Marathon currently holds 11,466 BTC and $124.9 million of cash.
Wednesday, 05/04/2023 | 08:34 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Hires New CFO, Bitcoin Mining Decreases in March
The crypto company appoints Jim MacCallum as the new Chief Financial Officer.
Also, it reports 161 BTC mined in March, a 10% decrease from February.
Tuesday, 04/04/2023 | 08:03 GMT
by
Damian Chmiel
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
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
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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
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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