After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled with skyrocket...
Tag: Bitcoin mining
Nuclear Bitcoin Mining Hits Snag as UK Startup Sells Business
A firm that was building out a nuclear energy-powered mining facility in Ohio is the latest victim of tough crypto market conditions. UK-based Lake Parime, a company focused on transforming ener...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
The Block: Bitcoin mining report: Jan. 31
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 13 gaining and four declining. Bitcoin rose 1.4% to $23,114 by market close. Here is a look at how the indivi...
Bitcoin Price Boosts Miners, as Hashrate Climbs
The majority of crypto-related equities finished up in positive territory last week, with US-traded mining firms gaining distance from historical lows set at the end of last year. Bitcoin is also push...
Going Nuclear: Bitcoin Mining’s Potential Energy Future
Though the prevalence of bitcoin miners using nuclear energy at scale could take years to materialize, several players in the space are bullish on the prospect. Volatility around bitcoin and the...
The Block: Bitcoin mining report: Jan. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 11 declining. Bitcoin rose 0.3% to $23,037 by market close. Here is a look at how ...
What Is A Crypto Miner And How Does Bitcoin Mining Work?
Bitcoin mining farm Getty Key takeaways The confusing world of crypto mining is all about computers, electricity and equations Hash rates and mining difficulty can show if the market is weak or strong...
BlockFi looks to sell bitcoin mining loans totaling $160 million: Bloomberg
Crypto lender BlockFi is looking to sell $160 million in bitcoin mining machine-backed loans amid its bankruptcy process. The bidding started last year and some of the loans may be under-collate...
The Block: Bitcoin mining report: Jan. 23
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and only one declining. Bitcoin rose 2.2% to $22,956 by market close. Here is a look at how the individual...
The Block: Bitcoin mining report: Jan. 20
Bitcoin mining stocks tracked by The Block were higher on Friday, with 15 gaining and the other four declining. Bitcoin rose 5.3% to $22,216 by market close. Here is a look at how the indi...
The Block: Bitcoin mining report: Jan. 18
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with one gaining and the other 18 declining. Bitcoin fell 2.6% to $20,781 by market close. Here is a look at how ...
The Block: Bitcoin mining report: Jan. 17
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 17 gaining and the other two declining. Bitcoin rose slightly to $21,317 by market close. Here is a look at how the ...
Bit Mining up 51% after launch of new Litecoin, Dogecoin mining machine
Bit Mining jumped about 51% as most mining stocks rallied along with bitcoin, which has been trading above $21,000 after two months in the $17,000 range. The company announced a new litecoin and...
Bitcoin mining difficulty jumps 10%, its biggest move since October
Bitcoin’s mining difficulty metric has risen just over 10%. The mining difficulty — which determines how hard it is to create the next block of transactions — reset just after 4 p.m. ET, f...
The storm has passed, but bitcoin mining difficulty is about to blow through the roof
Bitcoin miners are bracing for a massive jump in difficulty this weekend. The increase could land somewhere around 10%, according to estimates from BTC.com, Bitrawr, Luxor and Braiins. Numbers c...
Hive’s ‘Massive Efficiency Upgrade’ Led by Intel-powered Miner Rollout
Hive Blockchain has installed about a quarter of its expected new fleet of customized mining rigs powered by Intel processors — one key component of a push the company said would result in a “ma...
The Block: Bitcoin mining report: Jan. 13
Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 13 gaining and the other 5 declining. Bitcoin rose 5.2% to $19,827 by market close. Here is a look at how the ...
Celsius sells bitcoin mining machines for $1.3 million
The bitcoin mining arm of bankrupt crypto lender Celsius is selling machines worth $1.3 million. The firm is letting go of nearly 2,700 “new-in-box” MicroBT M30S units, according to ...
The Block: Bitcoin mining report: Jan. 11
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $17,559 by market close. Here is a look at how ...
The Block: Bitcoin mining report: Jan. 10
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and the other three declining. Bitcoin rose 1.3% to $17,459 by market close. Here is a look at how the in...
The Block: Bitcoin mining report: Jan. 9
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and the other one declining. Bitcoin rose 1.6% to $17,234 by market close. Here is a look at how the indiv...
Bitcoin Miner Stronghold Moves To Erase $18M in Debt as CEO’s Shares Plummet
Stronghold Digital Mining is looking to free up its cash flows on the heels of its chief executive buying about $1 million of stock that has since sunk by about 75%. The bitcoins the company min...
2022 was an epic year for crypto and blockchain pros. Here’s the year in 11 charts
Here are some of the most significant events of 2022 told through charts. Bitcoin crashed around 65% year-to-date, dropping to $16,800 from $47,000 at the top of the year. As cryptocurrencies e...
Bitcoin mining companies close out year $4 billion in debt: Report
Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate...
Bitcoin Miner To Sell Rigs Worth $60M To Cover NYDIG Debt
US bitcoin mining firm Greenridge has entered a non-binding agreement to settle a $74 million debt with NYDIG as concerns mount over its financial longevity. The firm, which controls its own power pla...
Bitcoin Miner Core Scientific To File Bankruptcy, Stock Tanks 30%
Core Scientific, one of the world’s biggest bitcoin mining stocks, is reportedly preparing to file for bankruptcy on Wednesday after struggling under the weight of its debt. The Texas-based firm’s cas...
Stocks mixed as bitcoin rallies
Bitcoin mining stocks tracked by The Block showed mixed results Tuesday, with about half trading up and the other half down. Bitcoin was up and trading a bit under $16,900 by market close, accor...
Most miners tracked Bitcoin lower
Most bitcoin mining stocks tracked by The Block fell on Monday, in line with the coin’s price. Bitcoin prices were around $16,600 by market close, according to data from TradingView. ...
Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb sinc...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...