Bitcoin mining stocks tracked by The Block were mostly higher on Monday, with 18 gaining and one declining. Bitcoin rose 15.1% to $24,230 by market close. © 2023 The Block Crypto, Inc. All...
Tag: Mining Companies
Bitcoin mining report: Feb. 28
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 12 gaining and the other seven declining. Bitcoin fell 0.6% to $23,215 by market close. Here is a look at how the individ...
Bitcoin miner Marathon cancels Q4 earnings call over accounting corrections
Bitcoin miner Marathon Digital canceled its fourth-quarter earnings call scheduled for Tuesday after the U.S. close. The miner postponed the release of its fourth-quarter and 2022 full-year resu...
Bitcoin miner Marathon expected to see revenue triple in Q4
Marathon is expected to post triple the revenue it brought in during the third quarter for its fourth-quarter earnings after the U.S. close today. The miner is expected to report $38.4 million i...
Bitcoin mining report: Feb. 27
Bitcoin mining stocks tracked by The Block were mixed on Monday, with eight gaining and the other 11 declining. Bitcoin fell 1.3% to $23,326 by market close. © 2023 The Block Crypto, Inc. All Rights R...
Mining difficulty up 9.95% with more machines coming online amid recent rally
Bitcoin’s mining difficulty has increased by 9.95% after the latest adjustment, according to an update posted Friday on BTC.com. More machines have been coming online, likely due in part t...
Bitcoin mining report: Feb. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with a total of 18 companies seeing their share prices decline. Bitcoin fell 3.1% to $23,213 by market close. © 2023 The Block C...
Bitcoin mining report: Feb. 23
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with nine gaining and nine others declining during the day’s trade. Bitcoin rose 0.6% to $23,959 by market close. © 2023 The Bl...
Luxor partners with Southeast Asia mining firm, seeks to attract capital
Bitcoin mining firm Luxor wants to expand its presence in Southeast Asia by partnering with local mining service provider Cryptodrilling. The company will be integrating Luxor’s software, ...
Bitcoin mining report: Feb. 22
Bitcoin mining stocks were mostly lower on Wednesday. Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and 15 declining in share price. Bitcoin fell 2.8% t...
Luxor buys OrdinalHub as it looks for ‘new monetization strategies’
Bitcoin mining firm Luxor acquired OrdinalHub, a platform for trading the Bitcoin-based NFTs that have recently surged in popularity. The company said it is looking to be a “central player...
Bitcoin mining report: Feb. 21
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with three gaining and the other 16 declining. Bitcoin fell 1.4% to $24,451 by market close. Here is a look at how the individu...
Bitcoin mining report: Feb. 17
Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 11 gaining and seven declining. Bitcoin rose 0.8% to $24,759 by market close. Here is a look at how the individual miners ...
Compute North’s plan for liquidation of remaining assets approved by court
Bankrupt hosting provider Compute North’s liquidation plan was approved by a judge with the U.S. Bankruptcy Court for the Southern District of Texas. While the company has already sold a m...
Bitcoin mining report: Feb. 16
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with eight gaining and the other 11 declining. Bitcoin rose 1.6% to $24,477 by market close. Here is a look at how the individual min...
CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500
Bitcoin miner CleanSpark bought 20,000 more mining machines, bringing the total count of its bear market spending-spree purchases to over 46,500. The company expects to pay $32.3 million for the...
Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter end...
Bitcoin mining report: Feb. 15
Bitcoin mining stocks tracked by The Block were higher on Wednesday, with 18 gaining and one declining. Bitcoin rose 8.6% to $24,070 by market close. Here is a look at how the individual miners perfor...
The Block: Bitcoin mining report: Feb. 14
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and three declining. Bitcoin rose 2.7% to $22,232 by market close. Here is a look at how the individual m...
Armistice Capital reports 9.9% stake in miner Stronghold Digital
Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing. The fund had an existing stake in the company, but it̵...
As bitcoin miners prep for earnings season, all eyes are on treasuries and deployments
With fourth-quarter earnings for bitcoin miners starting, industry experts are closely watching how companies plan to deploy hardware and manage their treasury going forward. 2022 was a lesson i...
The Block: Bitcoin mining report: Feb. 13
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with four gaining and 13 declining. Bitcoin fell 1.5% to $21,653 by market close. Here is a look at how the individu...
The Block: Bitcoin mining report: Feb. 10
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with three gaining and the other 16 declining. Bitcoin fell 1.3% to $21,748 by market close. Here’s a look at ...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
CleanSpark kicks off bitcoin miner earnings with revenue expected to rise 13%: Preview
CleanSpark is expected to post a nearly 13% bump in revenue from the previous quarter when it kicks off the earnings season for bitcoin miners after the U.S. close today. The company is expecte...
Bitfarms pays down $21 million BlockFi loan with $7.75 million in cash
Bitcoin miner Birfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash. The value of mining machines that collateralize those loans has dropped significan...
The Block: Bitcoin mining report: Feb. 8
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and the other 16 declining. Bitcoin fell 1.6% to $22,843 by market close. Here is a look at ho...
Argo Blockchain mined 14% more bitcoin in January than December
Argo Blockchain’s bitcoin mining production increased 14% in January, producing 168 BTC, compared to 147 BTC in December 2022. “The increase in BTC mined was primarily due to fewer c...
The Block: Bitcoin mining report: Feb. 7
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 12 declining. Bitcoin rose 1% to $23,234 by market close. Here is a look at how th...
Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan
Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any mandatory principal amort...