Most bitcoin mining stocks tracked by The Block rose on Monday. The coin surpassed $20,000 earlier in the day, but it fell back to roughly $19,000 at around 12 p.m. EST, according to data from Trading...
Tag: Bitcoin mining
Bitcoin mining stock report: Monday, September 26
Most bitcoin mining companies saw their stocks fall on Monday, although many of them also trended upwards. Bitcoin was trading at around $19,000 during market close, according to data from TradingView...
Court approves more first-day motions in Compute North bankruptcy case
Bankrupt bitcoin mining hosting provider Compute North received approval today to operate its cash management system, pay insurance obligations and file a list of its creditors. Judge Marvin Isgur of ...
Bitcoin mining stock report: Friday, September 23
The majority of bitcoin mining stocks traded downward on Friday, as bitcoin spent most of the afternoon below the $19,000 mark. Marathon Digital Holdings’ stock fell 9.98%, followed by Iris En...
Bitcoin miner Iris Energy inks $100 million share purchase deal with B. Riley
Bitcoin miner Iris Energy has struck an equity purchase deal worth $100 million with investment banking firm B. Riley. The deal has a 24-month time frame, during which time B. Riley may purchase up to...
Bitcoin mining stock report: Tuesday, September 20
Almost all bitcoin mining stocks fell Tuesday along with the value of the cryptocurrency, which at market close was priced at around $19,000. Bitcoin has mostly been trading below $20,000 for the pas...
Regulators should incentivize renewables for bitcoin miners
Marathon CEO Fred Thiel believes U.S. regulators should create incentives for bitcoin miners to use renewable energy and disincentives for fossil fuel-based sources. Thiel’s comments came follow...
Bitcoin mining stock report: Friday, September 16
Most bitcoin mining stocks fell Friday as bitcoin itself continued to trade below $20,000. The cryptocurrency was priced at around $19,700 at market close, according to data from TradingView. Bit Digi...
Bitcoin mining stock report: Thursday, September 15
Most mining companies trended downward alongside bitcoin, though a handful traded higher. Bitcoin was trading at around $19,800 at market close, according to data from TradingView. Stronghold Digital ...
Bitcoin mining difficulty hits another record, up 3.45%
Bitcoin’s mining difficulty increased by 3.45%, down from the previous jump of 9.26% but the fourth positive adjustment in a row. The change since Aug. 31 is reflected in data published by BTC....
Bitcoin mining stock report: Tuesday, September 13
Most of the bitcoin mining stocks tracked by The Block were down on Tuesday as the coin plunged from $22,700 in the morning, following the news that U.S. inflation rose 8.3% year-on-year, above estima...
Bitcoin mining stock report: Friday, September 9
Bitcoin mining stocks went up on Friday, some by double digits, as the coin’s price jumped up from $19,400 the day before. Bitcoin was priced at around $21,200 at market close, according to data...
Bitcoin mining stock report: Thursday, September 8
Most bitcoin miners saw their stocks rise on Thursday, as the coin’s price stayed above the $19,000 mark. Bitcoin’s price was close to $19,400 at market close, according to data from Tradi...
Bitcoin mining stock report: Friday, September 2
Most bitcoin mining stocks tracked by The Block were down on Friday. The coin was trading at around $19,900, similar to the previous day, according to data from TradingView. Digihost was down by 11.74...
Bitcoin mining stock report: Thursday, September 1
Bitcoin mining stocks were down Thursday, some by double digits, as the coin’s value fell from the previous day. Bitcoin was trading at around $19,900 at market close, according to data from Tra...
Bitfarms mined 6.8% more bitcoin in August
Bitcoin miner Bitfarms mined 534 BTC in August — a 6.8% increase from the previous month — while increasing its hashrate by 1% to 3.9 exahashes per second (EH/s). The company is close to completing th...
Bitcoin mining revenues rose by 10% in August
Bitcoin mining revenues jumped 10% in August — the first month-over-month increase since March. Last month, miners brought in about $657 million in revenue, according to data compiled by The Block Res...
Compass Mining hosting partner sites shut down in Georgia due to 50% power spike
Bitcoin mining company Compass Mining saw two of its third-party hosting facilities in Georgia shut down this week due to a 50% spike in power prices from local utility providers. The company was info...
Crypto miner PrimeBlock’s CEO leaves the company
PrimeBlock CEO Gaurav Budhrani has left the crypto mining and infrastructure company, according to CoinDesk and his LinkedIn profile. Budhrani’s departure comes on the heels of PrimeBlock’...
Bitcoin mining stock report: Tuesday, August 30
Most bitcoin mining companies fell on the stock market Tuesday, as bitcoin dropped below $20,000. The coin was priced at around $19,900 at market close, according to data from TradingView. Stronghold ...
Bitcoin mining stock report: Monday, August 29
Bitcoin mining companies tracked by The Block saw mixed results in the markets on Monday. The coin rose above the $20,000 mark and reached $20,100 by the end of the trading session, according to data ...
Bitcoin mining stock report: Thursday, August 25
Bitcoin mining companies tracked by The Block had mixed results in the markets on Thursday. The coin was trading at around $21,600 during market close, according to data from TradingView. Argo Blockch...
SBI Holdings terminates previously unknown deal with BitRiver: CoinDesk
SBI Holdings, a Japanese securities and banking giant, has ended its mining operations in Russia and cut ties with the sanctioned Russian bitcoin miner BitRiver. SBI Holdings had previously kept its...
Bitcoin mining stock report: Monday, August 22
Bitcoin minings stocks were mostly down on Monday as the coin’s value remained close to $21,000. Bitcoin was trading at $21,100 at market close, according to data from TradingView. Hut 8 was dow...
BIT Mining seeks to reassure investors as NYSE threatens to delist
Bitcoin mining company BIT Mining, which is currently trading below $0.50 a share, said that investors shouldn’t be concerned with its current stock price, despite a warning from the New York St...
Bitcoin mining stock report: Friday, August 19
Most bitcoin mining stocks fell by double digits on Friday as bitcoin’s price dropped below $22,000. The coin was trading at around $21,400 at market close, compared to$23,400 the day before. HI...
Why bitcoin miners in Texas are getting paid not to mine bitcoin
As bitcoin miners flock to Texas, one of the toughest things they’ve had to contend with is the heat. In July, however, mining firm Riot Blockchain showed how it’s possible to cash in on it — by not m...
Bitcoin mining stock report: Thursday, August 18
A majority of bitcoin mining stocks fell on the stock market on Thursday, while some still recovered. Bitcoin was trading at around $23,400 at market close, according to data from TradingView. Hut 8&#...
Bitcoin miner Riot posts $366.3 million net loss in second quarter
Bitcoin miner Riot reported a net loss of $366.3 million in the second quarter, mainly due to a $349.1 goodwill impairment charge and a $99.8 million impairment charge on its bitcoin reserves. The com...
Bitcoin miner Bitfarms reports $142 million second-quarter net loss
Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...