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CryptoCurrency

Hut 8’s Revenue Tumbles 46% amid Bitcoin’s Rising Challenges

  • 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.
Wednesday, 15/11/2023 | 08:54 GMT by Damian Chmiel
CryptoCurrency

Argo Blockchain Q3 Revenue Clouded by Net Loss, despite Cost Cuts

  • 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.
Tuesday, 14/11/2023 | 08:03 GMT by Damian Chmiel
CryptoCurrency

Hut 8's Bitcoin Output Holds Steady in October, Defying Decline in Industry Production

  • The crypto mining firm mined 112 Bitcoins in October.
  • Hut 8 sold 365 Bitcoins worth CAD$14.6 million during the period.
Tuesday, 07/11/2023 | 15:37 GMT by Jared Kirui
CryptoCurrency

HIVE’s Mining Capacity Hits 4 EH/s despite Production Dip in October 2023

  • 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.
Monday, 06/11/2023 | 09:10 GMT by Damian Chmiel
CryptoCurrency

Hut 8 Mines Less but Hoards More Bitcoins in Crypto Vault

  • 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.
Wednesday, 11/10/2023 | 08:03 GMT by Damian Chmiel
CryptoCurrency

Argo Blockchain Reports 34% Increase in Bitcoin Mining for September 2023

  • 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.
Thursday, 05/10/2023 | 09:14 GMT by Damian Chmiel
CryptoCurrency

Does Bitcoin or Crypto Mining Still Pay Off?

  • A fresh look into crypto mining.
Wednesday, 04/10/2023 | 12:00 GMT by Pedro Ferreira
CryptoCurrency

Bitfarms' YTD Bitcoin Mining Figures Lower Than 2022

  • Bitfarms mined 411 Bitcoin in September, marking an increase of 7.3% from August.
  • However, the YTD numbers are lower than in 2022.
Tuesday, 03/10/2023 | 09:18 GMT by Damian Chmiel
CryptoCurrency

Riot Pivots to Electricity and HIVE to AI as Bitcoin Mining Profits Plummet

  • Crypto miners are reporting lower BTC production output.
  • In the search for revenue, they sell electricity or computing power to AI firms.
Thursday, 07/09/2023 | 08:49 GMT by Damian Chmiel
CryptoCurrency

Texas Heat and Low Bitcoin Prices Hit Marathon's August Production

  • Marathon Digital reports a decrease of 9% in BTC production.
  • The average number of BTC produced per day amounted to 34.3.
Wednesday, 06/09/2023 | 08:33 GMT by Damian Chmiel
CryptoCurrency

BTC Miners Struggle to Break Even: Cathedra Bitcoin Reports C$2.9 Million Loss

  • 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.
Wednesday, 30/08/2023 | 07:08 GMT by Damian Chmiel
CryptoCurrency

Canaan Breaks Record in Mining Revenue but Struggles to Turn a Profit

  • The rise in Bitcoin mining revenue did not help the company to achieve profitability.
  • Other crypto miners also reported weaker results for Q2 2023.
Tuesday, 29/08/2023 | 10:38 GMT by Damian Chmiel
CryptoCurrency

Argo Blockchain Mines More but Earns Less in H1 2023: Reports $18.8M Net Loss

  • Despite reducing debt and operational costs, Argo reports a net loss in H1 2023.
  • The company's revenue declined 31%, but it managed to increase its BTC mining 1%.
Tuesday, 29/08/2023 | 08:31 GMT by Damian Chmiel
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

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

Crypto Winter’s Chilling Aftermath: Galaxy Digital and Riot Blockchain Report Q2 Losses

  • Both companies reported a net loss in the last quarter.
  • However, Riot increased its hash rate, and Galaxy boosted its AM revenue sixfold.
Thursday, 10/08/2023 | 07:56 GMT by Damian Chmiel
CryptoCurrency

The Green Revolution: How Sustainable Cryptocurrencies are Shaping the Future

  • Are the growing concerns justified?
Wednesday, 09/08/2023 | 14:51 GMT by Pedro Ferreira
Thought Leaders

Crypto Miner Bros Celebrates 5 Years of Building the Future in the Crypto Mining Community

  • Crypto Miner Bros is committed to giving back to the community.
Monday, 07/08/2023 | 14:34 GMT by FM
Regulation

Crypto Mining: Environmental Concerns and the Quest for Sustainable Solutions

  • Can crypto mining go green?
Tuesday, 18/07/2023 | 11:52 GMT by FM Contributors
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

HIVE Blockchain Crypto Production Falls in June to 259 BTC

  • HIVE produced 259 Bitcoins in June, which is less than the previous month.
  • The company maintained an average of 3.3 Exahash of Bitcoin mining capacity.
Monday, 10/07/2023 | 07:18 GMT by Damian Chmiel
Education Center

Crypto Mining: Environmental Concerns and the Push for Sustainable Solutions

  • How are crypto's environmental concerns being addressed?
Tuesday, 13/06/2023 | 14:15 GMT by FM Contributors
Education Center

Exploring the Increasing Interest in Cryptocurrency Mining Alternatives

  • The crypto landscape is in constant change.
Wednesday, 07/06/2023 | 13:07 GMT by FM Contributors
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
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