Analysts in the crypto industry say that more and more Bitcoin miners are having trouble paying back loans they took out against their mining rigs. While only a few miners have actually defaulted on t...
Tag: Miner
Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says
Bitcoin’s decline is making it more difficult for some miners to repay as much as $4 billion in loans that are backed by their equipment, Bloomberg reported on Friday. Analysts say an increasing numbe...
Bitcoin Miner Sell-Offs Could Keep Prices Low, Says JP Morgan
Strategists at JPMorgan Chase & Co. believe the current Bitcoin sell-off by miners could make it difficult for the price of the asset to bounce back, especially if the trend continues. In a note r...
How To Improve Bitcoin Miner Margins Without Solely Depending On Bitcoin Price Appreciation
Bitcoin mining is no longer as profitable as before – it sounds harsh, but it is true. Generally, the profitability of bitcoin miners is influenced by two factors: the price of BTC and the cost...
Bitcoin miner ‘capitulation event’ may have already happened — Research
Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that...
Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress
(Bloomberg) — The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion in loans they have backed by their equipment, posing a potential risk to ma...
CEO of world’s largest gold miner sees ‘gold spiking up through $2,000’ in the next year
Gold traded around $1,827 on June 24 and is seemingly set to continue its second straight week of declines. In essence, expectations that central banks will continue to raise interest rates to fight i...
Bitcoin Struggles to Rebound as Miner Capitulation Continues
Key Takeaways Multiple reports indicate that Bitcoin miners are selling off more coins to cover the cost of their operations. Miners have sold an estimated $500 million worth of Bitcoin so far in June...
Miner Bit Digital made $8 million in bitcoin mining revenue in Q1 2022
Crypto mining company Bit Digital brought in $8 million in bitcoin mining revenue and $0.5 million in Ethereum in the first quarter of 2022, the firm said on Wednesday. During the same time period, ne...
Analysis: Miner capitulation reached 2018 bear market levels
Bitcoin fell to lows of $17,600 last week, with investors losing over $7.3 billion over three brutal days. Glassnode data showed long term investors sold more than 178k bitcoins over the period, while...
Bitcoin Miner Liquidations Threaten Bitcoin’s Recovery
Bitcoin mining profitability has been dropping along with the market decline. The cash flow from the mining rigs has become increasingly stunted over time, causing bitcoin miners to begin selling thei...
Bitcoin Miner Iris Energy Increases 2022 Hashrate Estimate to 4.3 EH/s
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Bitcoin Miner Revenues Now 61% Lower Than Past Year Average
Data shows Bitcoin miner revenues have been coming under stress recently as they are now making 61% less than the average during the last year. Bitcoin Miner Revenues Come Under Pressure As Puell Mult...
Why This Bitcoin Miner Sold 3,000 BTC Over The Past Week
The Bitcoin mining sector has been impacted by BTC’s price downside price action. This has forced BTC miners to reduce their inventories, which could lead to constant selling pressure on the crypto ma...
Bitcoin Miner Bitfarms Confirms 3,000 BTC Sale and Less HODL
Nasdaq-listed Bitcoin mining company Bitfarms has confirmed the sale of approximately 3,000 BTC (appr. $62 million), making it the latest mining firm to announce the sale of mined bitcoins in the wake...
BIS Report: Regulators Gotta Determine If Miner Extractable Value (MEV) Is Illicit
The Bank for International Settlements has recently published a research paper and has equated miner extractable value (MEV) to illegal activities in conventional markets such as front running and san...
Marathon Digital Bucks The Bitcoin Miner Selling Trend Despite Energization Challenges ⋆ ZyCrypto
Advertisement     The crypto markets have been moving in a lackluster manner for several months. Different industry participants are bracing for a crypto winter, and B...
Congo Miner Threatens to Seize Giant Cobalt Project From Chinese Partner
(Bloomberg) — A shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo, after state miner Gecamines threatened to block exp...
Regulators need to determine whether miner extractable value is illegal, BIS report says
? Want to work with us? CryptoSlate is hiring for a handful of positions! A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal ...
What Does Bitcoin Miner Hosting Mean? Step-by-Step Guide to Choosing The Best Miner Hosting For You
The world of cryptocurrency does not stand still, in fact, it is developing at a rapid speed. That is why many people have a great desire to try themselves in this business. In addition, mining has be...
Bitcoin Miner CCU Honors Satoshi Nakamoto Changes Name to SATO Technologies
PRESS RELEASE – Toronto, Canada, 14th June 2022] SATO Unveils Rebrand With Launch Of New Name And Website SATO Technologies Corp. (TSXV:SATO / OTCQB:CCPU.F) (“SATO” or “the Company”) (previously Canad...
Responsible Bitcoin Miner CCU honors Satoshi Nakamoto changes name to SATO Technologies to coincide with existing ticker TSX.V:SATO
Toronto, Canada, 14th June, 2022, Chainwire SATO Unveils Rebrand With Launch Of New Name And Website SATO Technologies Corp. (TSXV:SATO / OTCQB:CCPU.F) (“SATO” or “the Company”) (previously Canada Com...
Bitcoin Miner Revenues Stay Low
BTC miners are worse-hit following the decline in the price BTC Price at the time of writing – $30,293.75 Average transactions per block are up Bitcoin excavators have been one of the more awful hits...
$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis
Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their in...
A Look into Bitcoin Miner Creditworthiness Evaluation
June 9, 2022, 11:40AM EDT • 9 min read Quick Take Since the second half of 2021, the bitcoin mining industry has witnessed an increasing number of traditional financial institutions jumping into the m...
Crypto Miner Marathon Digital Bitcoin Production Failed To Match The May Expectations
Crypto miner Marathon Digital (MARA) witnessed energization delays in Texas in May which is yet to happen. The entity held approximately 9,941 of the flagship crypto-asset worth $315.1 million o...
Hash Ribbon Shows Miner Capitulation
Be[in]Crypto takes a look at Bitcoin (BTC) on-chain indicators that relate to miners, more specifically the difficulty ribbon compression and hash ribbon. BTC difficulty The Bitcoin mining difficulty ...
Tminer is announcing the beta launch of innovative minting hardware called Tether Miner
Tminer is announcing the beta launch of innovative minting hardware called Tether Miner which lets miners earn USDT rewards for running an automated node. Tether – the leading stablecoin Tether (also ...
Bitcoin Miner Revenues Stay Low As Price Decline Continues
Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run towards the end of 2021, the miners have now hit a r...
Crypto Miner Hive Had to Sell Ether (ETH) in Major Quantity to Buy Bitcoin Mining Rigs
Bitcoin miner Hive said that it has grown its hashrate by 8% during the month of May and mined 273.4 Bitcoins last month. Amid the major crash in the price of Bitcoin and the broader crypto market, cr...
Bitcoin miner Hive grew its hash rate by 8% in May
Bitcoin miner Hive grew its hash rate by 8% in May, according to the company’s most recent operational update. “We are pleased to report in May HIVE continued its strong momentum in expand...