Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve mo...
Tag: Miner
Nitrokod Crypto Miner Affected Around 111,000 Users With Clones of Popular Software
Nitrokod targeted over 111,000 users from 11 different countries. The crypto mining campaign attains motion in 2019 globally. A Turkish-based entity known as Nitrokod is alleged to actively part...
Sell-Side Trims Targets for Bitcoin Miner Argo Blockchain
Argo expects to sign a fixed-price power purchasing agreement in the next couple of months, which will both stabilize its electricity spending and allow it to sell power back to the grid, along with o...
Investment bank Cowen Lowers its Revenue for BTC Miner Marathon Digital Holdings
Following weak second-quarter results, investment bank Cowen reduced its revenue, adjusted EBITDA, and mining margin projections for Marathon Digital Holdings (MARA), a bitcoin (BTC) miner. In additio...
BTC Miner Lowers Year-end 2022 Hashrate due to Delayed Intel Mining Rigs
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Bitcoin Miner Reserves Data Shows BTC Price Change Ahead Of Merge?
Even as the cryptocurrency market stares at upcoming Ethereum Merge, Bitcoin miners appear to have negative outlook in short term. The crypto ecosystem is anticipating a bullish momentum spurred by th...
Nvidia Predicts Weak Growth, Adding to Chip Slump Fears While Miner Demand Dampened
Nvidia issued the forecast just two weeks ago, warning that sales for the upcoming quarter would be significantly lower than expected. The company stated that the decreasing demand for chips used in g...
Bitcoin Miner Argo Blockchain Looks to Raise $25M-$35M for 4.1 EH/s Hashrate Target
On Wednesday, Argo lowered its 2022 hashrate expectations from 5.5 EH/s to 3.2 EH/s, citing delays in the delivery and deployment of Intel’s (INTC) Blockscale ASIC chips because Intel is redesig...
Bitcoin Miner Argo Updates Computing Power to 3.2 EH/s at the end of 2022
U.K.-based publicly traded cryptocurrency miner Argo Blockchain said on Wednesday it plans to update its year-end computing power from 5.5 EH/s to 3.2 EH/s by the end of 2022, a drop of 41.8%. The tot...
Bitcoin Miner Marathon Digital Targets Trimmed at Cowen
Reflecting those disappointing Q2 results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below consensus forecasts for $189 million. Cowen also d...
Largest Ethereum Miner Stops Processing Sanctioned Transactions
Ethermine is no longer processing blocks that include Tornado Cash TORN Price at the time of writing – $9.36 Tornado Cash has legitimate uses and is a privacy tool at its core The desire for a decentr...
Riot, a Bitcoin Miner on its $349M Acquisition
Impairment Charge for Bitcoin Assets of $99.8 Million In its second-quarter earnings report released on Monday after the close, Riot Blockchain (RIOT), one of the biggest publicly traded bitcoin miner...
This Bitcoin [BTC] miner survived the tide but will you be able to
The state of things for Bitcoin [BTC] miners took a massive decline since the crypto market capitulated. While there were hopes that it would get better, it hasn’t really improved. Recently, a top Bit...
Miner selloff slows down amid back-to-back difficulty increases
Numbers from Glassnode show that the rising Bitcoin (BTC)price has led to a slowdown in miners selling off their BTC as mining difficulty has seen back-to-back increases of 1% since the beginning of A...
Bitcoin Miner Stronghold Returns 26,200 Mining Rigs to NYDIG to Clear $67M Debt
Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significant...
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...
34$349 million devaluation for Bitcoin mining company Riot
Riot Blockchain (RIOT) is by far one of the largest publicly traded Bitcoin miners in the world. Bitcoin miner Riot: market-driven devaluation It has a market capitalization of over $1.2 billion, but...
This Bitcoin Miner is Selling 26,200 Rigs to Reduce Debt
Amid the crypto market crash this year, Bitcoin miners have been on a huge selling spree to cover operational costs and repay their loans. Going further, Bitcoin miner Stronghold Digital Mining Inc. i...
Crypto miner Prime Blockchain and 10X SPAC cancel $1.25 billion merger deal
Crypto mining and infrastructure company Prime Blockchain is no longer set to list on the Nasdaq stock exchange. Prime Blockchain and 10X Capital Venture Acquisition Corp II, a special purpose acquis...
Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions
“Although challenging global market conditions in the second quarter, further impacted by a steep decline in the price of Bitcoin and resulting decline in market valuations for publicly-traded Bitcoin...
Bitcoin Miner Stronghold Digital Significantly Restructures Debt
“Collectively, the NYDIG, WhiteHawk, and Convertible Notes and Warrants restructurings (i) reduce principal amount outstanding by approximately $79 million (approximately 55% of total principal ...
Crypto Miner Prime Blockchain’s $1.25B SPAC Deal Fizzles Out
Prime Blockchain agreed in April to be taken public via a SPAC deal More than 40 SPAC mergers have been nixed this year amid cooling markets Crypto mining and infrastructure startup Prime Blockchain i...
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...
Bitcoin Miner Bitfarms Posts $142M Loss in Q2 as Rising Energy Prices Bite
Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 mi...
Are Bitcoin miner reserve outflows enough to yield strong sell pressure
One of the best ways to succeed as a Bitcoin trader is to see potential trends before they happen, or in their early stages. Such an advantage can be quite handy now that Bitcoin and the rest of the c...
Norwegian BTC Miner Moves Beyond the Arctic Circle
Electricity prices are much lower in northern Norway BTC miner Kryptovault AS is willing to move its activities there BTC Price at the time of writing – $24,469.17 The Norwegian bitcoin mining organiz...
Norwegian BTC Miner Moves Beyond the Arctic Circle to Cut Energy Costs (Report)
The Norwegian bitcoin mining company – Kryptovault AS – reportedly plans to move its operations north of the Arctic Circle. The relocation is prompted by the rising electricity costs in the country, w...
Bitcoin miner Hut 8 reports $69 million second-quarter net loss
Bitcoin miner Hut 8 reported a net loss of C$88.1 million (about $69 million) and a 17.8% decline in revenue to C$43.9 ($34.3 million) in the second quarter of 2022. The company’s financial resu...
Crypto Miner Core Scientific Downsizing After $840M Impairment Charge
Produced 3,365 bitcoin in the quarter, a 4% drop from the prior quarter Shares of CORZ have clawed back some of the year’s losses over the past month Core Scientific (CORZ) reduced its headcount by 10...
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022 – Mining Bitcoin News
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The...
Bitcoin Miner Hut 8 Misses Projections, but Soars 20%
Hut 8 narrowly missed on revenue, which the bitcoin miner attributed to increasingly volatile market conditions The company posted a loss of $0.38 per share Canadian crypto miner Hut 8 posted lower-th...
Miner vuole un fork della rete Ethereum
Late last year the team behind the Ethereum network and its co-founder Vitalik Buterin announced the upcoming Merge of the Ethereum network. Dubbed Ethereum 2.0, this system update will merge Ethereum...