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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
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
CryptoCurrency

Iris Energy Switches Off Its Mining Hardware, Feels the Crypto Winter

  • The unplugged rigs were producing insufficient cash flow.
  • Operations generated a $2 million monthly profit, only 29% of the debt obligation.
Wednesday, 23/11/2022 | 11:32 GMT by Damian Chmiel
CryptoCurrency

HIVE Revenues Down 45% in Q3 Despite Higher BTC Production

  • The company mined 858 BTC, 31% more than a year earlier.
  • Declining BTC and ETH prices translated into lower revenues and quarterly net loss.
Wednesday, 16/11/2022 | 08:35 GMT by Damian Chmiel
News

CleanSpark Acquires Bitcoin Mining Machines to Expand Its Capacity

  • CleanSpark is a NASDAQ-listed firm under the CLSK ticker.
  • The manoeuvre adds 93 petahashes per second to the company's capacity.
Thursday, 14/07/2022 | 17:01 GMT by Felipe Erazo
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Is Bitcoin Mining Still Profitable?

  • After a massive tumble in price, is mining btc still worthwhile?
Thursday, 14/07/2022 | 08:41 GMT by Liam Peak
News

White Rock Management Launches Bitcoin Mining Facility in the US

  • This is the first BTC mining facility deployed in the United States.
  • The operations will use environmentally-friendly services to produce Bitcoin.
Tuesday, 28/06/2022 | 17:25 GMT by Felipe Erazo
News

Bitcoin Hash Rate Approaches All-Time High

  • The mining rate currently stands at around 226 Exahash.
  • BTC mining revenues are declining sharply amid market correction.
Saturday, 11/06/2022 | 10:46 GMT by Bilal Jafar
FinTech

Galaxy Digital Sees $111.7m Net Loss as Digital Asset Price Falls during Q1

  • The loss contrasts against last year's $858.2m gain.
  • Crypto total market cap fell by 7% during Q1.
Monday, 09/05/2022 | 15:23 GMT by Solomon Oladipupo
CryptoCurrency

GEM's Bitcoin Production Falls in April despite Increase in Active Miner Fleet

  • GEM’s revenue fell by 4.3% in April.
  • A Miner says April output “second-best production results” since inception.
Thursday, 05/05/2022 | 18:49 GMT by Solomon Oladipupo
News

HIVE Blockchain Produces 278 BTC in March 2022

  • The company has increased its Bitcoin mining capacity in the past few months.
  • Total Bitcoin equivalent production reached 447.4 BTC during the last month.
Wednesday, 06/04/2022 | 07:16 GMT by Bilal Jafar
CryptoCurrency

The Merger between Sphere 3D Corp. and Gryphon Digital Mining Inc. Has Been Terminated

  • Both crypto mining companies will continue working together.
  • Gryphon hashrate exposure to increase by the end of 2022.
Tuesday, 05/04/2022 | 11:20 GMT by Matti Williamson
News

Russia’s Deputy Minister of Energy Calls for Crypto Mining Regulations

  • “The legal vacuum in crypto mining needs to be eliminated,” Evgeny Grabchak said.
  • Russia is one of the biggest crypto markets in the world.
Monday, 28/03/2022 | 08:32 GMT by Bilal Jafar
CryptoCurrency

Kazakhstan Is Cracking Down on Illegal Crypto Miners, 13 Crypto Farms Disconnected

  • Kilowatts tariffs may increase by as much as 500% for crypto miners.
  • Crypto mining regulations may be introduced by 1 April 2022.
Tuesday, 22/02/2022 | 10:55 GMT by Matti Williamson
CryptoCurrency

Valkyrie Funds Announce the Launch of the Valkyrie Bitcoin Miners ETF

  • The ETF will focus on companies that are associated with the bitcoin mining industry.
  • This is third ETF to be offered by Valkyrie Funds.
Tuesday, 08/02/2022 | 15:59 GMT by Matti Williamson
CryptoCurrency

Riot Blockchain Announces 458 Bitcoins Mined in January 2022

  • Riot Blockchain mined 458 Bitcoins in January 2022, 7.8% up from December 2021
  • The mining firm expects to increase its hashrate capacity of around 12.8 EH/s
Sunday, 06/02/2022 | 10:17 GMT by Nicholas Otieno
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