Market news, analysis & forecast powered by

Preview Mode

FM Home
> Bitcoin mining
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Nexo Enhances Data Security Credentials With SOC 3 Assessment Thought Leadership

Bitcoin Mining

Search for a tag
CryptoCurrency

Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month

  • Bitcoin's flash crash negatively affected the performance of mining companies.
  • In addition, their revenues fell to monthly lows.
Thursday, 24/08/2023 | 11:54 GMT by Damian Chmiel
CryptoCurrency

What is BTC Mining and How It Works

  • Bitcoin mining explained
Wednesday, 23/08/2023 | 11:41 GMT by Pedro Ferreira
CryptoCurrency

The New Digital Gold Rush: Cryptocurrency Miners Eye AI Horizons

  • After making a loss in 2022, miners in 2023 are taking advantage of AI's growing potential.
  • JPMorgan suggests that HPC services could be more profitable than BTC mining ever was.
Monday, 21/08/2023 | 11:21 GMT by Damian Chmiel
CryptoCurrency

Argo’s June Bitcoin Production and Revenue Fall by Almost 20%

  • June 2023 sees a decrease in Argo’s Bitcoin mining to 139 BTC.
  • The firm's revenue also fell, but enhancements to mining capacity are underway.
Wednesday, 12/07/2023 | 06:56 GMT by Damian Chmiel
CryptoCurrency

Hut 8 Reports Double-Digit Decline in Bitcoins Mined in June

  • The crypto miner produced 120 Bitcoins in June.
  • The figures represent a decline of 18% compared to the previous month.
Thursday, 06/07/2023 | 14:38 GMT by Jared Kirui
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
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
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
See more
Next Previous
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}