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Bitcoin Mining
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CryptoCurrency
BTC Miners Struggle to Break Even: Cathedra Bitcoin Reports C$2.9 Million Loss
2023-08-30T09:08:25.997+02:00
Cathedra Bitcoin's Q2 2023 financials show an increase of 19.5 BTC in mining output.
However, similar to other publicly listed miners, it has not achieved profitability.
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CryptoCurrency
Canaan Breaks Record in Mining Revenue but Struggles to Turn a Profit
2023-08-29T12:38:36.432+02:00
The rise in Bitcoin mining revenue did not help the company to achieve profitability.
Other crypto miners also reported weaker results for Q2 2023.
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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
What is BTC Mining and How It Works
2023-08-23T13:41:55.000+02:00
Bitcoin mining explained
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CryptoCurrency
The New Digital Gold Rush: Cryptocurrency Miners Eye AI Horizons
2023-08-21T13:21:06.301+02:00
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.
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CryptoCurrency
Argo’s June Bitcoin Production and Revenue Fall by Almost 20%
2023-07-12T08:56:32.864+02:00
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.
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CryptoCurrency
Hut 8 Reports Double-Digit Decline in Bitcoins Mined in June
2023-07-06T16:38:51.066+02:00
The crypto miner produced 120 Bitcoins in June.
The figures represent a decline of 18% compared to the previous month.
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CryptoCurrency
Canadian BTC Miner HIVE's Revenue Halves from Record High
2023-06-30T17:30:22.842+02:00
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.
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Institutional FX
Bitcoin Miner Hut 8 Secures $50M Credit Facility from Coinbase
2023-06-26T21:01:28.303+02:00
The mining firm said the facility provides ‘additional financial flexibility’.
It follows an announcement of a merger between Hut 8 and US Bitcoin.
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CryptoCurrency
US Bitcoin Miner Core Scientific Files Chapter 11 Plan
2023-06-21T18:29:37.810+02:00
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.
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Jared Kirui
CryptoCurrency
Binance Launches BTC Cloud Mining Product outside US
2023-06-15T09:44:47.399+02:00
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.
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CryptoCurrency
Argo Blockchain Notes 16% Uptick in Bitcoin Production in May 2023
2023-06-07T09:27:00.162+02:00
The publicly-listed BTC miner produced 173 BTC last month.
Additionally, it increased its mining revenue by 14%.
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CryptoCurrency
Argo Blockchain Reports $8.7m Net Loss in Q1 2023 amid Revenue Growth and Cost Reductions
2023-06-06T10:10:46.649+02:00
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.
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Education Center
The Debate Over the Environmental Impact of Cryptocurrency Mining
2023-05-05T20:01:26.517+02:00
A much-needed discussion.
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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
Argo Blockchain Hires New CFO, Bitcoin Mining Decreases in March
2023-04-04T10:03:15.759+02:00
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.
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CryptoCurrency
BTC Miner Hut 8 Doubles 2022 Net Loss to $176 Million
2023-03-09T14:56:11.950+02:00
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.
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CryptoCurrency
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations
2023-03-07T22:36:44.863+02:00
Hut 8 sold 188 BTC in January 2023.
The Canada-based miner merged with US Bitcoin last month.
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CryptoCurrency
Canaan Reports 82% Lower Revenue in "Tough" Q4 2022.
2023-03-07T14:49:51.314+02:00
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.
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CryptoCurrency
Argo Daily BTC Production Rises 7% in February despite Network Difficulty Jump
2023-03-07T10:45:01.078+02:00
Bitcoin network difficulty rose by 10% in February 2023.
However, Argo was still able to increase its daily Bitcoin mining capacity.
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CryptoCurrency
HIVE Blockchain Reports $90m Loss in Q4 2022 amid Lower Bitcoin Prices
2023-02-22T17:10:28.686+02:00
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.
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Damian Chmiel
Innovation
The Proof-of-Stake (PoS) Response to Energy Backlash
2023-02-20T18:48:16.999+02:00
Is it the end for the PoW model?
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CryptoCurrency
Argo Blockchain Produces More BTC in January Due to Lighter Winter
2023-02-08T12:21:50.645+02:00
Harsh winter conditions limited BTC production in December 2022.
In January 2023, the overall Bitcoin production was 14% higher.
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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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Damian Chmiel
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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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