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Mining
Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Wall Street Bitcoin Miner Hut 8 Launches $500M ATM and $250M Stock Repurchase
2024-12-04T17:11:40.963+02:00
The firm filed a shelf registration statement with SEC for US and Canadian compliance.
The company reported $43.7 million in Q3 revenue and a net income of $0.9 million.
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CryptoCurrency
Wall Street Bitcoin Miner BTC Digital Deploys 2,000 BITMAIN T21 Miners
2024-12-03T15:39:44.955+02:00
The T21 miners feature 190T performance and 3610W energy usage per unit.
The firm also plans to expand operations in Arkansas, Tennessee, Georgia, and Missouri.
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CryptoCurrency
Wall Street Bitcoin Miner BTC Digital Focuses on Renewable Energy for Mining
2024-11-26T16:57:13.828+02:00
The firm announces expansion of Bitcoin mining facilities in Arkansas, Tennessee, Georgia, and Missouri.
Expansion plans include building new facilities, acquiring existing mines, and forming joint ventures.
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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
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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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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Damian Chmiel
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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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Damian Chmiel
CryptoCurrency
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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Damian Chmiel
CryptoCurrency
Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
2023-08-24T13:54:42.691+02:00
Bitcoin's flash crash negatively affected the performance of mining companies.
In addition, their revenues fell to monthly lows.
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CryptoCurrency
The Green Revolution: How Sustainable Cryptocurrencies are Shaping the Future
2023-08-09T16:51:40.194+02:00
Are the growing concerns justified?
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CryptoCurrency
HIVE Blockchain Produces More BTC in March 2022 despite Rising Mining Difficulty
2023-04-17T10:24:40.192+02:00
HIVE mines more Bitcoin than in January and February 2023.
The more robust numbers were achieved despite the record-high mining difficulty.
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CryptoCurrency
Marathon Digital Mines Record 2,195 Bitcoins in Q1 2023
2023-04-05T10:34:56.622+02:00
The company's hash rate increased by 64% in the first quarter.
Marathon currently holds 11,466 BTC and $124.9 million of cash.
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CryptoCurrency
GPU Mining vs. CPU Mining: Which is Better?
2023-02-09T11:08:27.719+02:00
Both setups have advantages and disadvantages.
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CryptoCurrency
Hut 8 Merges with US Bitcoin to Fight Crypto Winter
2023-02-08T11:27:30.882+02:00
Two companies announced the merger of equals.
The joint mining capacity will reach 5.6 EH/s.
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CryptoCurrency
HIVE Blockchain Reports BTC Production and Bets on Grid Balancing
2023-02-07T11:30:26.302+02:00
January mining statistics were slightly lower than a year ago.
However, the company generated additional revenue due to the energy price hedging.
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Damian Chmiel
News
Bitcoin Hash Rate Touches the Highest Level in 2 Months
2022-08-31T15:52:58.006+02:00
The total hash rate has jumped substantially since 20 July.
The figure is now approaching an all-time high of 231 Exahash.
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CryptoCurrency
Norwegian DLTx Acquires US-Based DMS to Double Filecoin Mining Output
2022-04-11T08:17:13.327+02:00
DLTX eyes becoming the largest decentralized storage provider in the world.
The company to get additional data center operations in Oklahoma and Kansas City, US.
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Solomon Oladipupo
News
Bitcoin Mining Difficulty Hits Another All-Time High
2022-04-04T10:28:11.322+02:00
Bitcoin mining rate has increased consistently in the last few months.
BTC network difficulty has touched 28.587 trillion.
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News
Hut 8 Posts Revenue of $173.8 Million in 2021
2022-03-17T15:09:54.125+02:00
The company increased its Bitcoin holdings significantly last year.
Adjusted EBITDA climbed to $96.6 million in 2021.
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Retail FX
What Is Going On at BHP? Massive Dividends, Huge Demand for Materials, Yet Stock Is Down
2022-02-17T11:29:43.710+02:00
BHP Billiton, a multinational mining, metals and petroleum company, has been doing extremely well.
Why, in that case, is this not being reflected in its share price?
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Andrew Saks
News
HIVE’s Quarterly Revenues Increase 397% YoY
2022-02-15T10:18:44.081+02:00
Net income reached $64.2 million in the recent quarter.
The company mined 697 Bitcoin and over 7,126 Ethereum.
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CryptoCurrency
Bitcoin (BTC) Mining: Is It Still Profitable?
2022-02-05T14:15:00.729+02:00
An astonishing rise in the BTC hash rate indicates a strong trend across the mining network.
Analysts believe that Bitcoin mining is still lucrative.
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CryptoCurrency
Hut 8 Mining Corp Announces January 2022 Bitcoin Production
2022-02-03T22:00:00.000+02:00
Hut 8 Mining Corp announced mining production results of 308 bitcoins in January 2022.
The company’s total Bitcoin balance held in reserve stands at 5,826 bitcoins.
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