Tesla and Peloton were on George Soros’s shopping list in the fourth quarter of last year, as he also took new positions in Carvana General Motors and crypto names, while dumping Zoom and Twitter Sor...
Tag: Marathon Digital
Bitcoin mining firm Marathon Digital sold 1,500 BTC in January
Marathon Digital sold 1,500 BTC in January, according to a Thursday statement from the company. The sales were intended to help fund the firm’s operations, Marathon said. “With bitc...
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...
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...
Expect More Bitcoin Miners To Go Bankrupt in 2023
It’s no secret crypto miners are struggling, and more casualties are expected next year. But as the bear market trudges on, not all companies in the segment face dire circumstances, industry watchers ...
Bitcoin Price Drop Tests Miners’ Diamond Hands
Bitcoin miners are facing a tough few weeks ahead as meager prices threaten to render the network service unfeasible for anyone but the largest operators. After shedding a quarter of its value through...
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 ...
Bitcoin Price Could Fall to $13,000 as Crypto Miners Cut Costs
Text size Miners appear to be using less electricity to produce cryptocurrencies. Mark Felix/AFP via Getty Images Bitcoin miners have come under pressure from a one-two punch of rising energy costs an...