Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels. In the wake of mounting capitulation pressure, the Poolin multi-asset mining platform recor...
Tag: Miner
Ethereum miner revenue reaches monthly high, but here’s the issue
ETH’s number of daily active addresses surged to a monthly high in the last three days. The transaction volume was relatively low which suggested the lack of a strong whale presence. Ethereum network ...
Hash Ribbon Reversal Signals Bitcoin Miner Capitulation Phase
Bitcoin and other cryptocurrencies are feeling the effects of the negative trends occurring in the market. The crypto winter predicted to wind up in early November by some experts is still in full swi...
Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase
Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily moving averages to identify ch...
Bitcoin Miner Capitulation Is In Full Effect, How Long Will It Last?
The collapse of the crypto exchange FTX is causing a historic event in the Bitcoin market. Yesterday, on-chain data signaled the second wave of a Bitcoin miner capitulation in one cycle. Historically,...
Bitcoin Miner Aggressive Selling Continues This November
Amid the collapse of crypto exchange FTX, there’s massive selling pressure seen for Bitcoin (BTC) and the broader crypto market. The Bitcoin price has corrected more than 21% this month as it turns ou...
New BTC miner capitulation? 5 things to know in Bitcoin this week
Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week? In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitc...
Another BTC Drop Incoming? Bitcoin Miner Capitulation Likely According to Analysis
Bitcoin’s price is struggling above the $16K mark, and it seems that more troubles might be coming. Data shows that miners might be having hard times, as their revenues are getting lower while the min...
Miner balances sent all the way back to January 2022
Miner balances across wallets started the year at 1.82 million BTC and are now back to the same levels, according to on-chain data tracked by Glassnode. The amount of Bitcoin accumulated by Miners in ...
Green bitcoin miner crashes, takes Aussie billionaire with it
An Australian software billionaire and climate change activist has likely taken a hit after a ‘green’ bitcoin mining firm he invested in saw its share price plummet by 94%. Atlassian founder Mike Cann...
Bitcoin hash ribbon points at miner capitulation as holders increase
The biggest news in the cryptoverse for Nov. 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain data revealing investors taking advantage of the low prices...
BTC hash ribbon upcoming convergence signals miner capitulation
Bitcoin (BTC) hash ribbon indicators are often used to identify and catch BTC bottoms as the convergence of the BTC hash ribbon signals further miner capitulation as mining costs increase, and BTC pr...
This Publicly Traded Bitcoin Miner Lost $1.7 Billion In 2022
Core Scientific Inc., the largest publicly traded Bitcoin mining business in the U.S., reported a $1.7 billion loss for the first nine months of the year. The Austin, Texas-based business is one of th...
Australian Bitcoin miner under pressure to repay $107.8 million debt – crypto.news
The ongoing crypto winter seems to have snared its latest victim after Australian Bitcoin mining company Iris Energy received a notice of demand from its lender and Bitcoin rig maker Bitmain Technolog...
Bitcoin Miner Sell Pressure Reaches Six Year High
Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month. According to Charles Edwards – founder of Capriole fund...
Bitcoin miner Iris Energy unplugs hardware collateralizing over $100 million in loans
Bitcoin miner Iris Energy has unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans they were securing. However, the company said that its dat...
Bitcoin Miner Hash Price Drops to New All-Time Low
The global digital asset market is dealing with the after effects of the massive collapse of FTX. As per reports, more than $100 billion vanished from the market in just a matter of days. However, its...
Bitcoin Miner Hash Price Declines To New All-time Low
Data shows that the Bitcoin miner hash price has now declined to $58.3k per Exahash per day, a new all-time low for the metric. Bitcoin Miner Hash Price Has Continued To Trend Down Recently As per dat...
Bankrupt Compute North Sells $1.55M in Assets to Flared-Gas Bitcoin Miner
Compute North, the bankrupt operator of crypto-mining data centers, has sold some of its assets to green Bitcoin mining business Crusoe Energy. The sale of its container assets will generate just unde...
Bitcoin Miner Core Scientific Facing Lawsuit for Improperly Disclosing Financials
Crypto mining firm Core Scientific has been hit with a lawsuit after failing to disclose a series of adverse financial circumstances in its statements to shareholders this year, according to a court f...
BTC Miner Arkon Energy Secures a $28 Million Fundraiser to Boost Mining Capacity
Arkon Energy – an Australian-based bitcoin mining firm – raised $28 million and acquired Hydrokraft AS (a Norwegian energy-based data center). These will double down on the companyr’s green strategy a...
Binance Unveils New Crypto Miner Lending Pool
Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the f...
Bitcoin miner TeraWulf raises $17M in Q3, but here’s the catch
Riot Blockchain reported revenue of $46.3 million for Q3 2022 Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies Bitcoin mining company TeraWulf raised ...
How does a helium miner operate and what does it do?
Join Our Telegram channel to stay up to date on breaking news coverage A hotspot, also known as a helium miner, is a wireless device that employs radio technologies to mint HNT and compensates users w...
Bitcoin Miner Cathedra Slashes Payroll Costs by Two-Thirds With Job, Salary Cuts
The Canadian company, whose stock trades on the Calgary, Alberta-based TSX Venture Exchange, is one of many bitcoin miners struggling to break even as the dollar value of their rewards declines while ...
Crypto miner Cathedra Bitcoin (CBIT) cuts payroll by 60% as crypto winter bites
Canadian publicly listed Bitcoin (BTC) mining firm Cathedra Bitcoin (TSXV: CBIT) has announced a raft of measures it adopted to navigate the ongoing crypto bear market. The firm has since slashed its...
Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO. Canaan posted a 90% ove...
What is a Helium miner and how does it work?
Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing ...
Crypto market sees biggest miner selling pressure since January 2021
The ongoing market slump caused by the FTX fallout hasn’t left Bitcoin miners unscathed. The market has seen the biggest one-day miner selling pressure since January 2021, and data analyzed by CryptoS...
Miner Rio Tinto’s Long-Awaited Deal Comeback Is Stuck in Limbo
(Bloomberg) — Mining giant Rio Tinto Group is finding that its long-awaited return to cutting a major deal without the brash spending of its past is proving a challenge. Most Read from Bloomberg...
Bitcoin Miner Riot Blockchain Posts Disappointing Quarterly Revenue
Bitcoin mining giant Riot Blockchain posted a net loss of $36.6 million. The Colorado-based company generated a revenue of $46.3 million – down by 28% from the previously estimated $54.2 million. The ...