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CryptoCurrency
Crypto Miner HIVE Sees 8% Revenue Growth, Expands into AI Computing
2024-06-25T14:12:30.878+02:00
The company improved its financial performance after a weak year for digital assets.
HIVE expanded its mining capacity and diversified into high-performance computing to focus on AI.
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CryptoCurrency
Tether Throws Hat in Ring with $100 Million Bitdeer Investment
2024-05-31T17:34:58.678+02:00
The investment includes an option for an additional $50 million in shares within a year.
The ownership percentage remains undisclosed, with Bitdeer's share value increasing by 6.5% post-announcement.
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CryptoCurrency
Texas Regulator Halts Alleged Crypto Cloud Mining Scheme
2024-05-29T13:01:48.544+02:00
Payment processor used despite jurisdiction restrictions; account holder located outside the claimed base.
Manipulated media, including CEO video at conference, were cited; no evidence of presence was found.
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CryptoCurrency
Crypto Miner Argo's Strategy Pay Off in Q1 2024 with Reduced Losses
2024-05-23T09:01:36.449+02:00
Miner increased revenue by almost 50% and decreased net loss compared to the previous year.
The company mined 319 Bitcoins during the quarter, averaging 3.5 BTC per day.
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CryptoCurrency
Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins
2024-04-22T16:57:03.011+02:00
Initiating coverage with a buy rating, the firm sees shares rise 5.2% to $8.47.
The firm holds the second-largest reserve of bitcoins among listed miners, totaling 9,102 as of March 31.
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CryptoCurrency
Norway to Regulate Energy-Intensive Crypto Mining Activities
2024-04-15T18:34:22.746+02:00
Crypto mining operators will need to register and disclose services in the country.
The proposed regulation targets the sector due to environmental concerns.
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CryptoCurrency
Bitcoin Production and HIVE Shares Decline despite BTC Price Records
2024-03-06T14:24:24.410+02:00
Although the company continues to expand its crypto holdings, monthly production numbers have fallen.
However, the miner's HODL position grew 10%, reaching 2,131 BTC by the end of February.
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CryptoCurrency
Argo Crypto Miner Chops Galaxy Debt by 60% in $6.1M Deal
2024-03-05T11:20:56.253+02:00
The cryptocurrency miner aims to strengthen its balance sheet by reducing debt burden.
Despite BTC prices jumping in February, the company reported another drop in production.
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CryptoCurrency
Abu Dhabi's First Crypto Miner Shows Initial Report Following $370M IPO Success
2024-02-15T11:15:32.319+02:00
Phoenix Group UAE reported a jump in net income of 50% despite visibly lower revenues.
Crypto assets growth and a one-time contract boosted company's earnings.
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CryptoCurrency
Canadian Court Backs Regulations against Crypto Mining in Latest Ruling
2024-02-06T15:43:55.364+02:00
The ruling affects the energy and crypto industries.
Justice Michael Tammen said BC Hydro's 18-month moratorium was reasonable.
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CryptoCurrency
Bitcoin Winter Hits Argo: A Look into Its Sluggish Start in 2024
2024-02-05T11:23:27.633+02:00
Argo Blockchain's Bitcoin mining fell 20% in January 2024 due to reduced BTC prices.
This translated into a revenue decline to $5.3 million last month.
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CryptoCurrency
OKX Halts Mining Pool Services, Registration Closes on January 26
2024-01-26T16:36:28.868+02:00
Registration for new users ends on January 26, 2024.
All crypto mining services on the exchange will cease on February 26.
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Argo Blockchain Excels in Bitcoin Production, Announces COO Exit
2024-01-08T10:31:05.790+02:00
The company's mining strongly rebounded from this year's lows.
Meanwhile, it secures £7.8m in funding and bids farewell to the COO.
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HIVE Digital Technologies Ramps Up Bitcoin Mining, Hits 276.3 BTC in November
2023-12-07T11:10:56.144+02:00
Compared to October, the mining output rose 5.4%.
In addition, the company acquired a Swedish data center and is shifting its focus to AI and HPC.
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CryptoCurrency
Phoenix Soars in Abu Dhabi Market Debut amid Crypto Surge
2023-12-05T10:41:34.493+02:00
The first crypto company successfully debuted on the ADX.
However, this move occurs as other miners are shifting from crypto to AI.
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Hut 8’s Revenue Tumbles 46% amid Bitcoin’s Rising Challenges
2023-11-15T10:54:48.331+02:00
Hut 8 Mining Corp. sees a dip in Q3 revenue to $17 million.
The reason is the lower mining output caused by increasing network difficulty.
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Argo Blockchain Q3 Revenue Clouded by Net Loss, despite Cost Cuts
2023-11-14T10:03:55.654+02:00
Argo Blockchain's Q3 sees increased mining margins and lower Bitcoin production costs.
Even with positive EBITDA and reduced debts, the company reported another quarterly net loss.
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Hut 8's Bitcoin Output Holds Steady in October, Defying Decline in Industry Production
2023-11-07T17:37:30.283+02:00
The crypto mining firm mined 112 Bitcoins in October.
Hut 8 sold 365 Bitcoins worth CAD$14.6 million during the period.
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CryptoCurrency
HIVE’s Mining Capacity Hits 4 EH/s despite Production Dip in October 2023
2023-11-06T11:10:26.728+02:00
HIVE reports that its mining results for October were worse than the previous month.
However, the company has rebranded and wants to focus on providing computational power to the AI industry.
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CryptoCurrency
Hut 8 Mines Less but Hoards More Bitcoins in Crypto Vault
2023-10-11T10:03:04.693+02:00
Hut 8 mined 111 Bitcoin in September, 166 less than a year ago.
However, the company maintains one of the largest self-mined Bitcoin reserves among publicly traded companies.
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CryptoCurrency
Argo Blockchain Reports 34% Increase in Bitcoin Mining for September 2023
2023-10-05T11:14:08.021+02:00
Argo mined 136 Bitcoin in September, which is a visible increase from the previous month.
The company also reported a rise of 23% in mining revenue to $3.59 million.
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CryptoCurrency
Does Bitcoin or Crypto Mining Still Pay Off?
2023-10-04T14:00:55.129+02:00
A fresh look into crypto mining.
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CryptoCurrency
Bitfarms' YTD Bitcoin Mining Figures Lower Than 2022
2023-10-03T11:18:30.625+02:00
Bitfarms mined 411 Bitcoin in September, marking an increase of 7.3% from August.
However, the YTD numbers are lower than in 2022.
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Riot Pivots to Electricity and HIVE to AI as Bitcoin Mining Profits Plummet
2023-09-07T10:49:42.055+02:00
Crypto miners are reporting lower BTC production output.
In the search for revenue, they sell electricity or computing power to AI firms.
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CryptoCurrency
Texas Heat and Low Bitcoin Prices Hit Marathon's August Production
2023-09-06T10:33:18.189+02:00
Marathon Digital reports a decrease of 9% in BTC production.
The average number of BTC produced per day amounted to 34.3.
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