Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Tag: Bitcoin mining
The Block: Bitcoin mining stock report: Friday, November 11
Bitcoin stocks were mostly up on Friday, Nov. 11. The price of bitcoin was around $16,616 when markets closed. (BTCUSD chart by Trading View) Stocks with the biggest gains in...
The Block: Bitcoin mining stock report: Thursday, November 10
Most bitcoin mining stocks tracked by The Block traded up on Thursday. Bitcoin was trading at about $17,687 around market close, according to data from TradingView. BTCUSD chart by ...
Stronghold Digital Mining misses analyst estimates with $49.6 million Q3 loss
Stronghold Digital Mining reported a net loss of $49.6 million in the third quarter, which badly missed analyst estimates. The results, its first since announcing a series of debt restructuring...
Miner Marathon Digital Q3 results miss estimates across the board
Bitcoin miner Marathon Digital posted a net loss of $75 million in the third quarter, more than three times the average analyst estimate for a loss of $18.7 million. Shares were down just under ...
Riot Blockchain third quarter revenue falls short of analyst estimates
Bitcoin mining company Riot Blockchain fell short in the third quarter, missing analyst targets for revenue. Riot posted a net loss of $36.6 million, or 24 cents a share, compared to $15.3 milli...
The Block: Bitcoin mining stock report: Monday, November 7
Most bitcoin mining stocks tracked by The Block traded down to start the week, while bitcoin was trading at around $20,806 by market close, according to data from TradingView. BTCUSD chart...
Iris Energy receives default notice on $103 million
Bitcoin mining operator Iris Energy Limited said two of its miners received a notice of default on more than $100 million in debt. In a document filed with the Securities and Exchange Commission, the ...
The Block: Bitcoin mining stock report: Friday, November 4
Most bitcoin mining stocks tracked by The Block were up on Friday as the crypto markets rose. Bitcoin was trading at around $21,123 by market close, according to data from TradingView. ...
Bankruptcy top of mind as miners confront market downturn
Bitcoin miners take center stage on the earnings calendar next week, but bankruptcy is what is weighing on the minds of investors and analysts alike. That’s what happens when one of the highest...
The Block: Bitcoin mining stock report: Thursday, November 3
Most bitcoin mining stocks tracked by The Block fell in the markets on Thursday. Bitcoin was trading at around $20,190 by market close, according to data from TradingView. BTCUSD Ch...
Hydro-Quebec seeks to cut power to blockchain miners
Miners in Quebec may soon be looking off-grid for power solutions. Public utility provider Hydro-Quebec cited increased electricity demands over the next decade as it filed a request with the re...
Foundry data shows price gap between ASIC buyers and sellers
With the ASIC market “stuck in a deflationary spiral,” there’s a clear gap between the prices sellers are offering and what bitcoin miners are willing to pay, newly released data fro...
The Block: Bitcoin mining stock report: Thursday, October 20
Most bitcoin mining stocks tracked by The Block trended downward on Thursday. The coin, which had been mostly trading at around $19,200 for the past two days, dipped slightly to $19,000, according to ...
The Block: Bitcoin mining stock report: Wednesday, October 19
Most bitcoin mining stocks tracked by The Block trended downward on Wednesday. The coin was trading at around $19,200 by market close, according to data from TradingView. BTCUSD Chart by TradingView N...
Bitcoin mining facility ordered to shut down as new ordinance goes into effect
A bitcoin mining facility in Niagara Falls, NY, was ordered to shut down due to a zoning ordinance issue. The city sent a cease and desist notice to Bit Digital regarding a site owned and operated by ...
Bitcoin miner TeraWulf raises $17 million as it ramps up infrastructure build-out
Bitcoin miner TeraWulf raised $17 million in equity and debt. The company sold $9.5 million in common stock shares via a non-brokered deal with existing investors and drew an additional $7.5 million f...
Luxor launches derivatives product based on bitcoin mining revenue
Bitcoin mining firm Luxor, which runs a mining pool and a hardware trading desk, is launching an over-the-counter derivative product based on bitcoin mining revenues. The new product, Luxor Hashprice ...
Bitcoin mining difficulty jumps to all-time high levels
Bitcoin mining difficulty crossed an all time high of 35.61 trillion hashes on Monday, as miners ramp up their operations or more miners join the network. Bitcoin difficulty is an automatically adjust...
Bitcoin mining stock report: Friday, October 7
Most bitcoin mining stocks tracked by The Block trended downward on Friday. The cryptocurrency fell below $20,000 in the morning, trading at around $19,500 by market close, according to data from Trad...
Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise
Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans. Those also include other options such as “ongoing organic expansion,R...
Bitcoin mining stock report: Wednesday, October 5
Most bitcoin mining companies tracked by The Block trended downward on Wednesday. The cryptocurrency was trading at slightly more than $20,100 by market close, according to data from TradingView. Gree...
Bitcoin mining stock report: Tuesday, October 4
Almost all bitcoin mining stocks tracked by The Block trended upwards, some above 20%, as bitcoin climbed over $20,000. The cryptocurrency was trading at around $20,200 at market close, according to d...
Bitcoin miner CleanSpark posts 21% hash rate growth in September
Bitcoin miner CleanSpark announced that its hash rate grew 21% in September, reaching 4.16 exahases per second (EH/s). The company has been on a tear lately despite the bear market, acquiring two faci...
Bitcoin miner Riot increases hashrate by 16.7% in September
Bitcoin miner Riot increased its hash rate in September by 16.7% (to 5.6 exahashes per second) while expanding its Whinstone facility in Texas. “We will remain focused on aggressively increasing...
Bitcoin mining revenues down 16.2% in September
Bitcoin mining revenue fell 16.2% in September to about $550.5 million, marking its fifth decline in the last six months and the lowest total since November 2020, according to data compiled by The Blo...
Bitcoin mining stock report: Friday, September 30
Most bitcoin mining firms tracked by The Block trended downward Friday. Bitcoin’s price rose above $20,000 before falling to $19,000 around market close, data from TradingView show. Mawson Inf...
Celsius Mining claims hosting provider Core Scientific violated bankruptcy terms
Celsius Mining, the mining arm of the bankrupt crypto lender, filed a motion Wednesday against its hosting provider Core Scientific, accusing the company of breaching their agreement and violating ban...
Why crypto firms are moving to offer loans to bitcoin miners
If the past week is any indication, efforts are ramping up to offer loan capital to bitcoin miners as they contend with a difficult business climate. Icebreaker Finance, which announced a $300 million...
Bitcoin mining stock report: Thursday, September 29
Most bitcoin mining stocks tracked by The Block trended downward on Thursday. Bitcoin sunk below $18,000 in the morning but rallied throughout the rest of the day, trading at around $19,400 during mar...
Bitcoin miner Rhodium to go public via merger deal
Bitcoin mining company Rhodium Enterprises is planning to list on the Nasdaq following a merger with SilverSun Technologies Inc., a business application, technology and consulting company. The deal co...