Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium. “Just recently, they ...
Tag: Miner
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
Bitcoin Miner Core Scientific’s Lender Wants to Give Miner $72M to Avoid Bankruptcy
B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payment...
Crypto Miner Hut 8 Making Crucial Changes
The Crypto winters of 2022 have troubled several crypto mining firms. Crypto miner Hut 8 lost more than 15 million US dollars in the last quarter of 2022. Hut 8 (HUT), a Canadian crypto mining firm...
Crypto Miner Iris Energy Hit by Class Action Suit
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Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal...
Wrongly Published Documents Led This Crypto Miner To be Delisted By Mistake
Join Our Telegram channel to stay up to date on breaking news coverage Argo Blockchain, one of the largest crypto mining companies, is discussing selling company assets. The company has also revealed ...
Bitcoin Miner Argo Blockchain Says It’s Close to Restructuring Without Having to Declare Bankruptcy
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Bitcoin miner Argo accidentally said it’s filing for Chapter 11, but is actually trying to avoid that fate by selling assets
Bitcoin miner Argo is looking to sell assets and get a loan as it seeks to avoid bankruptcy as it runs low on cash and after it accidentally published a document implying it would file for Chapter 11....
Bitcoin miner TeraWulf ups hashrate guidance by 16%, raises $10 million as shares plummet
Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%. ...
miner from the second week of the blockchain’s life says hi
A brand-new member of the BitcoinTalk forums shared a signature proving that he was involved in mining Bitcoin (BTC) just one week after the network launched. A Nov. 15 forum topic asked other users t...
Bitcoin miner Argo Blockchain plans to file for bankruptcy
Argo Blockchain, a company that mines cryptocurrencies, made public its intentions to file for bankruptcy earlier than expected on December 12 due to an administrative error. Will Foxley, the Content ...
Trading of Bitcoin Miner Argo Blockchain’s stocks suspended in UK and U.S.
Argo had previously sold 3,843 Antminer S19J Pros for $5.6m in an attempt to secure short-term liquidity. In October, it announced a number of strategic actions due to financial constraints. Trading i...
Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US
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Crypto Miner in Lebanon Not Receiving Power Secretly
The Litani river Authority operates three major hydro-power stations. Lebanon is facing a critical financial crisis. The beginning of 2022 was not in favour of some specified villages of Lebanon beca...
Ahmad Abu Daher Is a Young (and Wealthy) Crypto Miner
Ahmad Abu Daher is only 22 years old, yet he’s already making a handsome living as a bitcoin miner in his home country of Lebanon. Ahmad Abu Daher Is Doing Well as a Miner Daher runs a whole team and ...
Bitcoin Miner 360 Mining Raised $2.25 Million (USD) To Increase Production Of Natural Gas
Bitcoin miner 360 mining intended to increase $2.25 million (USD) in recent funding. The New York government announced a ban on bitcoin mining entities for the next two years. The Bitcoin miner 360 mi...
Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs
Some of the machines have already been installed, with the rest expected by the end of January. The rigs’ computing power of about 109 terahahes/second (TH/s) per machine is a little over that o...
Russia may become the second-largest crypto miner, expert claims
Didar Bekbauov — the founder of Kazakh Bitcoin (BTC) mining firm Xive — suggested that Russia may soon become a major player in the space of cryptocurrency mining. Bekbauov wrote in a recent Twitter t...
Bitcoin miner 360 Mining raises $2.25 million as it scales natural gas production
Bitcoin miner 360 Mining raised $2.25 million in a new funding round and plans to deploy the funds to increase natural gas production and mining capacity. The company’s plans were reveale...
Bitcoin miner Marathon won’t bid on bankrupt Compute North’s assets, CEO says
Crypto miner Marathon is not looking to buy any assets from bankrupt hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs ...
Bitcoin miner Marathon explores Compute North bid: Bloomberg
Marathon Digital Holdings Inc. has hired advisers to help navigate a potential bid for its partner Compute North, a troubled crypto miner currently going through bankruptcy, according to Bloomberg. Ma...
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted bitcoin and 11,757 total bitcoin ...
Jack Dorsey’s Block Co-Leads in $2M Seed Round in East African Bitcoin Miner
Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed investment round led by venture capital investor Stillmark and digital payments firm Block, Inc. According to...
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
Other payment methods usually ensure miners always get paid, even if the pool doesn’t find a block. However, PPLNS only pays miners after a block has been found by the pool, and then the pool goes bac...
Compass Mining Launches Miner Protection Plan
Compass Mining is an online marketplace for Bitcoin mining hardware and hosting. Mining industry is facing headwinds amid rising hash rates and the crypto winter. Compass Mining’s new product is a wel...
Anonymous Bitcoin Miner shows off the oldest signature
An unknown member shared a signature in which the date was of January 2009, just after a week Bitcoin was launched. The purpose was intended to only show off the oldest signed message. Online pl...
Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009
Online forums are integral to the Bitcoin origin story, where Satoshi Nakamoto and early contributors collaborated to discuss and create a disruptive financial system from scratch. One of the oldest B...
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX’s sister company and in the center of the exchange’s bankruptcy. Documents dis...
Alameda/FTX invested heavily in Bitcoin miner Genesis Digital
At the peak of the collapse of the world’s former second-largest cryptocurrency exchange FTX, the disgraced founder, Sam Bankman-Fried, placed his biggest bet with the Bitcoin mining business Genesis ...
Alameda invested $1.15 billion into crypto miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets. This was Alameda’s and FTX’s biggest v...
Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price
Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses. Data from on-chain analytics firm Glassnode shows that seller exhaustion is reaching ideal levels for a B...