November 8, 2022, 5:06PM EST • 2 min read Quick Take Reported earnings November 7, 2022 and closed at $5.75 per share Mining cost as a percentage of sales doubled increased from 39.0% to 66.5% QoQ Ag...
Tag: Miners
Bitcoin Miners Keep Selling – Trustnodes
Stock traded miners are continuing to sell their bitcoin with Riot Blockchain miners being the latest to reveal they sold 1,925 BTC during Q3 2022. That’s now worth $37 million, but Riot managed to se...
Bitcoin Miners’ Selling Pressure Could Stimulate Bulls for Further Upside Towards $25k
Bitcoin (BTC) price has retracted from trading above $21k, but on-chain data suggest further upside remains at play. The instrument was exchanging hands around $20,730 during the early Asian and Londo...
What To Expect on Miners’ Q3 Earnings Calls As Industry Remains ‘Distressed’
A range of bitcoin miners are set to report third quarter results in the coming days as several companies in the mining sector are struggling to cope with financial pressures. Marathon Digital, Stron...
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity – Coinotizia
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Q...
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity – Mining Bitcoin News
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Q...
Do Kwon wants conference with law enforcement; pressure on miners to rise after excepted upcoming difficulty spike
The biggest news in the cryptoverse for Nov. 4 includes Bitcoin’s outperformance of Nasdaq after the Fed raised interest rates, Do Kwon’s invitation to all law enforcement in the world to join an onli...
Bitcoin mining difficulty expected to spike Nov. 6, increase pressure on miners
The next Bitcoin (BTC) mining difficulty adjustment will take place on Nov. 6, Sunday, and is expected to increase. If it does, it could record a new all-time-high for the third time in a row, accordi...
Hard Hit On Crypto Miners in Vietnam Following The Ethereum Merge
Crypto industry has already been facing a number of issues since the start of this year. The downturn in the crypto market led many cryptocurrencies’ prices to witness their recent lows. Apart from cr...
Oldest Renewable Energy Source in America saved by BTC Miners
Bitcoin (BTC) and its hash mining are widely criticized BTC Price at the time of writing – $20,753.23 United States listed Kazakhstan, and Pakistan as some exotic destinations for mining Despite the w...
Bankruptcy top of mind as miners confront market downturn
Bitcoin miners take center stage on the earnings calendar next week, but bankruptcy is what is weighing on the minds of investors and analysts alike. That’s what happens when one of the highest...
Hydro-Quebec seeks to cut power to blockchain miners
Miners in Quebec may soon be looking off-grid for power solutions. Public utility provider Hydro-Quebec cited increased electricity demands over the next decade as it filed a request with the re...
Bitcoin Miners Struggling to Survive As Mining Difficulty Hits All-Time Highs
Bitcoin miners are finding it no longer profitable to mine BTC. Increasing energy prices, inflation, and a looming recession have put many of these companies under duress. Mining Bitcoin has become an...
Natural Gas Price Hike Hits Crypto Miners in Iran – Mining Bitcoin News
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost ...
BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’
Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The $5.9 million purchase of the Ant...
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners – Mining Bitcoin News
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October upd...
Public Bitcoin miners show we can expect a second capitulation
Determining the market bottom requires a lot of guesswork. Bitcoin’s recent volatility has resulted from various factors ranging from geopolitical uncertainty and local regulation to internal implosio...
Bitcoin (BTC) Miners Saved Oldest Renewable Energy Source in America
Vladislav Sopov Bitcoin (BTC) mining injected new life into Mechanicville Hydroelectric Plant and saved it from being shut down Contents Bitcoin (BTC) saved Mechanicville Hydroelectric Plant (est. 189...
Bitcoin price due sub-$20K dip, traders warn amid claim miners ‘capitulating’
Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets t...
Bitcoin miners could threaten Paraguay’s power stability
Paraguay’s national electricity authority has warned that a bitcoin mining boom in the eastern department of Alto Paraná could “jeopardize” national power stability, the Rio Times reports. Engineer Mi...
Stealthy crypto miners loot altcoins with GitHub trial accounts
A mysterious automated crypto mining operation has been caught using more than 30 free GitHub accounts to produce a raft of obscure tokens in a suspected dry run before it turns its attention to more ...
Bitcoin miners rethink business strategies to survive long-term
The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers around $20,000, coupled with rising energy costs in North America and Europe. Regulators have also...
Public Bitcoin miners’ hash rate is booming — But is it actually bearish for BTC price?
The share of the Bitcoin (BTC) network controlled by publicly held mining companies could grow to 40% by mid-2023, according to a new report by Hashrate Index. But this could bring more stress to an a...
How Bitcoin And Other Crypto Miners Can Quickly Transfer Crypto To Fiat
Advertisement     Bitcoin mining and mining for other cryptocurrencies are cost-intensive businesses. There is regular maintenance of hardware and machinery, necessary...
Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k
Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners. Bitcoin Difficulty Regression Model Shows Cost Of Production Now $19.3k As per the la...
Bitcoin (BTC) Price Is Up For Another Sell-off As Miners Revenue Drops
The world’s first cryptocurrency, Bitcoin has been facing a severe sell-off between $19,000 and 19,500. The flagship currency is striving to get back its long-lost $20,000 trading zone. Currently, Bit...
Bitcoin Miners Revenue Margins Shrink Fast As BTC Struggles
The world’s largest cryptocurrency Bitcoin (BTC) has been trading in a pretty tight range recently close to $19,200 level. On one hand, the Bitcoin hashrate continues to grow fast, which means that Bi...
Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash – Mining Bitcoin News
On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 se...
Are Bitcoin Miners Earning Minimum Reward as Hash Price Plunged to Historic Lows?
The revenue of Bitcoin (BTC) miners continues to dwindle, given that hash price has nosedived to historic lows of $66,500 per Exahash, according to Glassnode. The market insight provider explained: &#...
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from ...