On Monday, Hut 8 Mining Corp, a Bitcoin mining company, published its Bitcoin (“BTC”) production and miner installation updates for May 2022. Based on the latest report by Hut 8 Mining Corp, the crypt...
Tag: Miner
Crypto miner Hut 8 begins operations at new Canada location
Hut 8 began mining last Thursday at its new location in Ontario, Canada. So far, the company is operating on 15 megawatts of power, which has added roughly 400 petahashes per second to Hut 8’s operati...
Green Bitcoin Miner Bitzero to Establish $500M HQ in North Dakota – crypto.news
Bitzero announced plans to invest $500 million in constructing a central headquarters for bitcoin mining operations in North Dakota. The company has currently raised $100 million and is planning a Can...
Crypto Miner RIOT Blockchain Dumps 250 Bitcoin As Prices Drop
The world’s largest cryptocurrency, Bitcoin (BTC) has been trading under heavy pressure since the beginning of the year. The recent data suggested that miners started dumping their BTC holding in the ...
Bitcoin Miner Riot Blockchain Names Its Head of Corporate Operations as New CFO
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Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe
Oman Investment Authority disclosed on Wednesday that it bought an equity stake in Crusoe Energy Systems Inc. Crusoe is a U.S software firm based in Denver whose mission is to help the oil industry re...
Bitcoin Hashrate Falls Down As Miner Revenues Stay Low
Data shows the Bitcoin mining hashrate has observed a fall during the month of May as miner revenues continue to stay low. Bitcoin Mining Hashrate Has Declined During The Last Month According to the l...
Gold Fields Slumps After $7 Billion Purchase of Canadian Miner
(Bloomberg) — Gold Fields Ltd. slumped after agreeing to buy Canada’s Yamana Gold Inc. for about $7 billion in an all-share deal that will make the South African miner the world’s No. 4 gold pro...
Top Lithium Miner Albemarle Boosts Outlook With Battery Demand Surging
(Bloomberg) — Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric-vehicle demand forces battery maker...
Bitcoin Miner Starts Buyback – Trustnodes
A stock traded bitcoin miner, Digihost Technology, has announced a shares buyback program after the price more than crashed. In the first buyback ever by a crypto company, Digihost announced they are ...
Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake
Argo was able to sell its UST positions at 93 cents per token before the price fully collapsed, according to Wall. Most recently, UST was still trading around 10 cents according to CoinDesk’s price in...
Bitcoin miner Bitfarms scales back growth plans for 2022
Canada-based bitcoin miner Bitfarms reported a net income of $5 million in the first quarter of 2022, down by about 50% from the previous quarter. The firm also said during its earnings call on Monday...
Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Bitcoin Selloff Provides Boost To Miner Fee Revenues
Bitcoin sell-offs have been the order of the day since the weekend. This has translated to ever-decreasing prices for the digital asset. Another avenue where this has had an effect has been the miner ...
Bitcoin Miner CleanSpark Announces Second Quarter 2022 Financial Results, Beating Analyst Expectations
CleanSpark announced financial results for the second quarter of 2022, with total revenue for the quarter quadrupling year-on-year to $33.5 million and adjusted earnings before interest, taxes, deprec...
Ethereum Miners Surpass Bitcoin Miner Revenue By $224M
After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue ...
Ethereum Miner Revenue Surpassed Bitcoin By $224M in April
Bitcoin miners took a back seat in mining profitability during the month of April as Ethereum miners saw $224 million more revenue than Bitcoin miners. April proved to be a difficult month for Bitcoi...
Here’s how much you can earn monthly with cheap $600 crypto miner
As cryptocurrencies become more widespread and popular around the world, more people begin to consider trying to earn a profit from them, be it through investing on crypto exchanges or acquiring them ...
GEM’s Bitcoin Production Falls in April despite Increase in Active Miner Fleet
GEM Mining, a United States institutional-grade Bitcoin (BTC) mining company, saw a 3.2% fall in its BTC mining production in April despite increasing its active miner fleet by 1%. According to GEM, i...
Bitcoin Miner Announces Losses – Trustnodes
Marathon Digital Holdings, one of the biggest publicly traded bitcoin miner, had one of the first loss during their first quarter with the company stating: “Despite higher earnings contributions resul...
Bitcoin Miner Argo Blockchain Borrows $70M to Buy Equipment for Texas Site
Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will h...
Is a Bitcoin miner the same as an Amazon server and why does it matter?
The Bitcoin Mining Council, led by Michael Saylor, has hit back at a US Congress group that petitioned the Environmental Protection Agency to criticize proof of work mining. The council’s letter focu...
Ethereum Miner Revenue Soars to a Single Day All-Time High of 95K ETH
Ethereum miner revenue has soared to a single-day all-time high of 95,000 ETH helped by a recent surge in decentralized finance (DeFi) activity. The income of miners has spiked noticeably in the past ...
Bitcoin Miner Argo Blockchain Takes $70 Mln Loan For Texas Site
Bitcoin miner Argo Blockchain on Wednesday said it will take on additional debt to buy equipment for its flagship Texas facility. The miner entered a series of loan agreements with crypto-focussed len...
Argo A Bitcoin Miner Had Increased Its Hashrate Estimate As A Result Of Intel Mining Chips
As indicated by FactSet insights, Argo additionally kept deals of $100.1 million of every 2021, beating the typical examiner assumption for $98.3 million. Its net income for 2021 was $41.5 million, le...
How bitcoin miner Argo has seen a growth in revenue of about 291% in 2021?
For the previous year, revenue, profit and holdings of bitcoin miner Argo has raised significantly London based bitcoin miner Argo has said to have record growth for the year 2021. The bitcoin mining ...
Bitcoin Miner Argo Raises Hashrate Guidance Thanks to Intel Mining Chips
“With our mining operations at Helios [the company’s flagship mining facility located in Dickens County, Texas] expected to commence in May, along with the development of custom mining machines ...
The city of Fort Worth, Texas votes to become a bitcoin miner
Fort Worth, Texas is getting into the bitcoin mining business, in a push to present the city as a leader in crypto. Council members unanimously voted in favor of a resolution on Tuesday to accept a do...
Why Bitcoin Miner Riot Will Increases Capabilities By 1 GW
Leading Bitcoin mining company Riot Blockchain announced its plans to expand its operations, via a press release. The expansion will allow the public company to increase its mining and hosting capabil...