As the week of trading comes to an end, most bitcoin miners showed positive results. Bitcoin’s value rose above $24,000 on Friday, trading at almost $24,200 by the end of the day, according to d...
Tag: Bitcoin mining
Core Scientific beats on revenue, posts net loss in second quarter
Core Scientific posted an $862 million net loss in the second quarter, the bulk of which was due to an $840 million goodwill impairment charge and a $150.2 million impairment on digital assets. The b...
Bitcoin mining stock report: Tuesday, August 9
Most bitcoin stocks declined on Tuesday, as the coin’s value fell closer to the $23,000 mark. Bitcoin was priced at around $23,100 at market close, according to data from TradingView. Stronghold...
CleanSpark posts $29.3 million net loss and will exit the energy business
Bitcoin miner CleanSpark posted a net loss of $29.3 million in the third quarter of its fiscal year ending in June, compared with a net loss $170,000 in the previous quarter. The company is exiting en...
Cipher Mining completes 40-megawatt wind powered site in Texas
Bitcoin miner Cipher Mining has finished deploying mining rigs to its 40-megawatt wind powered facility in Alborz, Texas, representing about 1.3 exahash per second (EH/s) in hash rate. The new site wi...
Energy, weather problems helped push bitcoin miner Marathon to $191.6 million net loss
Bitcoin miner Marathon saw a net loss of $191.6 million in the second quarter of 2022, a significant jump from a $13 million net loss in the first quarter. Revenues fell 51.8% to $24.9 million. The co...
Bit Digital mined 111% more bitcoin in July over June
Crypto miner Bit Digital produced 142.5 BTC in July — a 110.8% increase compared with the previous month. The company also mined 0.5 ETH in July, according to an operations update released on Monday. ...
Iris Energy doubles hash rate after reaching 50 megawatts at Mackenzie site
Bitcoin miner Iris Energy doubled its hash rate to 2.3 exahash per second (EH/s) after completing phase two of its Mackenzie site, in Canada, last Friday. The company expects to add an additional 1.4 ...
Bitcoin mining stock report: Friday, August 5
Bitcoin mining stocks recovered on Friday, as the coin’s price fell below $23,000 after reaching $24,400 earlier in the day. Core Scientific saw its stock rise by 10.65% after announcing that it...
Argo mined 22.4% more bitcoin in July than in June — and sold 887
Bitcoin miner Argo mined 22.4% more bitcoin in July compared with June. It also sold 887 BTC in July, at an average price of $22,670 per coin. The company used a majority of those revenues to reduce i...
Core Scientific mined 10.4% more bitcoin in July despite power cuts
Core Scientific self-mined 1,221 BTC in July — up by 10.4% compared with June, despite having to curtail power due to extreme temperatures in Texas. Curtailment periods totaled 8,157 megawatt-hours in...
Bitcoin mining stock report: Thursday, August 4
Most bitcoin mining stocks posted losses during Thursday’s trading session, as bitcoin’s value fell below $23,000. The coin was trading at around $22,500 at the time of publication, accord...
August Research and Analysis Report
August 4, 2022, 2:05PM EDT • 1 min read Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and ...
Bitcoin mining difficulty rises by 1.74% after three consecutive falls
Bitcoin’s mining difficulty has jumped by 1.74% after falling for three consecutive time periods. The change is reflected in data published Thursday by BTC.com, which tracks network mining diffi...
Bitcoin mining stock report: Tuesday, August 2
Most bitcoin mining companies were up in the stock market on Tuesday. The coin was trading at around $23,000 by market close, according to TradingView. Cipher Mining, Core Scientific and Hive Blockcha...
Bitcoin miner Digihost to transfer part of New York hardware fleet to Alabama site
Bitcoin miner Digihost is planning to move some of its fleet from New York to a new site in Alabama. The company has just broken ground on the new 55-megawatt facility, according to a statement releas...
Bitcoin miner Marathon secures additional $100 million loan
Marathon closed a deal for a $100 million loan from Silvergate Bank collateralized by bitcoin, a move that comes as other miners have sold bitcoin in an effort to pay down their debts. The company als...
Bitcoin mining stock report: Monday, August 1
About half of the bitcoin mining companies tracked by The Block were up and the other half were down on the stock market on Monday. The coin was trading closer to $23,00o at market close, after climbi...
Bitcoin mining stock report: Tuesday, July 26
Bitcoin mining companies were down in the stock market on Tuesday afternoon, as bitcoin’s value fell below $21,000. The coin was trading at around $20,900 at market close. TeraWulf, Bit Digital ...
Core Scientific signs hosting deal worth $50 million per year
Bitcoin miner Core Scientific closed a deal to host 75 megawatts worth of hardware capacity. The agreement will bring in a total of $50 million per year in revenue once the miners are fully installed,...
Bitcoin mining stock report: Monday, July 25
Bitcoin mining companies were down in the stock market on Monday afternoon, as bitcoin’s value fell below $22,000 for a good part of the day. The coin’s price rose closer to $22,100 at the...
Bitcoin network difficulty dips 5%, the largest drop in months
Bitcoin’s mining difficulty fell by 5.01% due to a July 21 adjustment — the most it has dropped since July 2021. The data was published by BTC.com, which tracks network mining difficulty and pos...
Bitcoin mining stock report: Thursday, June 21
A majority of bitcoin mining stocks tracked by The Block went up on Thursday, while others saw their value decrease. After dipping below $23,000 earlier in the day, bitcoin’s price went back up ...
Bitcoin mining stock report: Wednesday, July 20
Bitcoin mining stocks were up on Wednesday, some by double digits, as the coin’s value temporarily surpassed $24,000. At the time of market close, bitcoin’s price was around $23,7000, acco...
A Look into Bitcoin Mining Interest Expenses and Indirect Costs
July 20, 2022, 11:32AM EDT • 7 min read Quick Take 12 public mining companies alone spent about $40 million on interest expenses and $77 million on SG&A costs during Q1’22. The numbers reflect the...
Bitcoin miner Marathon secures new 200-megawatt hosting deal
Bitcoin miner Marathon closed a deal with hosting provider Applied Blockchain that will secure the company at least 200 megawatts of energy capacity, with the option to increase it to 270 megawatts. T...
Bitcoin mining stock report: Monday, July 18
Most bitcoin mining stocks went up on Monday, as bitcoin’s price temporarily surpassed $22,000. As of press time, the price was around $21,600, according to TradingView. Some stocks rose by doub...
House, Senate Democrats push regulators to demand data from Bitcoin miners
A group of Congress members including US Sen. Elizabeth Warren and US Rep. Jared Huffman sent a letter to the Department of Energy (DOE) and Environmental Protection Agency (EPA) Friday asking regulat...
Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg
Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg in an interview that it was more important to provide electricity for job-creating projects like steel plants than for bitcoin miners that a...
Bitcoin mining stock report: Friday, July 15
Most mining stocks went up on Friday, as bitcoin prices climbed closer to $21,000. At press time, the coin was valued at just around that number, according to TradingView. Northern Data’s stock ...
Bitcoin mining stock report: Thursday, July 14
As bitcoin’s price rose above $20,000 on Thursday, mining stocks showed mixed results by the end of the trading session. Companies like Riot, Hut 8 and Digihost saw their stocks go up by 7.91%, ...