Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 17 gaining and the other two declining. Bitcoin rose slightly to $21,317 by market close. Here is a look at how the ...
Tag: Mining Companies
Bit Mining up 51% after launch of new Litecoin, Dogecoin mining machine
Bit Mining jumped about 51% as most mining stocks rallied along with bitcoin, which has been trading above $21,000 after two months in the $17,000 range. The company announced a new litecoin and...
The storm has passed, but bitcoin mining difficulty is about to blow through the roof
Bitcoin miners are bracing for a massive jump in difficulty this weekend. The increase could land somewhere around 10%, according to estimates from BTC.com, Bitrawr, Luxor and Braiins. Numbers c...
The Block: Bitcoin mining report: Jan. 13
Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 13 gaining and the other 5 declining. Bitcoin rose 5.2% to $19,827 by market close. Here is a look at how the ...
Celsius sells bitcoin mining machines for $1.3 million
The bitcoin mining arm of bankrupt crypto lender Celsius is selling machines worth $1.3 million. The firm is letting go of nearly 2,700 “new-in-box” MicroBT M30S units, according to ...
Bitfarms seeks to avoid BlockFi loan default with renegotiation
Bitfarms is seeking to modify a loan with BlockFi to avoid default as the value of equipment plummets. Last year, Bitfarms’ Backbone Mining Solutions entered into a $32 million equipment financi...
The Block: Bitcoin mining report: Jan. 12
Bitcoin mining stocks tracked by The Block were higher on Thursday, with all 19 gaining. Bitcoin rose 7.5% to $18,857 by market close. Here is a look at how the individual miners performed...
Bitcoin miner Iris Energy revenue falls 27% in December
Bitcoin mining firm Iris Energy reported that its operating revenue declined 27% in December compared to the previous month to $2.1 million — reflecting the first full month of operations after termin...
The Block: Bitcoin mining report: Jan. 11
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $17,559 by market close. Here is a look at how ...
The Block: Bitcoin mining report: Jan. 10
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and the other three declining. Bitcoin rose 1.3% to $17,459 by market close. Here is a look at how the in...
The Block: Bitcoin mining report: Jan. 9
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and the other one declining. Bitcoin rose 1.6% to $17,234 by market close. Here is a look at how the indiv...
Bitcoin over $17,000 pushes miners higher
Bitcoin mining stocks jumped as the cryptocurrency rallied above $17,000. Crypto-related stocks and traditional markets were also higher. Bitfarms rose by 32%, while Marathon gained 24% and Riot...
Core Scientific increases bitcoin production despite winter storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm. The company’s self-mining hashrate incr...
Bitcoin mining difficulty down 3.6% while revenue pops 0.9% in December
Bitcoin mining difficulty is down 3.6%, following a winter storm that led a number of miners to power down. The update was posted in the early hours of Tuesday, according to BTC.com. Diffi...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
Bitcoin’s mining industry is in survival mode. What’s in the cards for 2023?
Bitcoin miners are clinging to life. It’s a far cry from a year ago, when they were racing to keep up with incessant demand. So what’s in store for miners in 2023? Bankruptcies have...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
Argo Blockchain to sell Helios mining facility to Galaxy Digital
Bitcoin miner Argo Blockchain agreed to sell its Helios mining facility to Galaxy Digital for $65 million. The company has been trying to avoid bankruptcy as it struggles with cash flow issues ...
Bitcoin miner Argo Blockchain suspends Nasdaq trading pending announcement
Bitcoin miner Argo Blockchain requested that trading be temporarily suspended on Nasdaq pending an announcement by Wednesday’s open. Trading is expected to resume on Wednesday, it said in ...
Crypto miners bracing for impact from brutal winter storm
Crypto miners are preparing for what could be a volatile weekend in the U.S. as a brutal winter storm brought bitter temperatures and power outages across much of the country. “Please be p...
British Columbia suspends new crypto mining energy requests
Crypto mining firms looking to start up in British Columbia province are out of luck, at least for the next 18 months as the Canadian province is temporarily refusing new requests from miners for powe...
Core Scientific eyes sale of up to 1 gigawatt worth of facilities amid bankruptcy: Exclusive
Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection, The Block has learned. “The likelihood of us selling asset...
Coinbase hit an all-time low yesterday but says it’s not all bad news. Mostly.
It’s been a tough year for crypto. But Coinbase, whose stock has been flirting with an all-time low, laid the ground for optimism in its 2023 Crypto Market Outlook. Factors including susta...
Stocks mixed as bitcoin rallies
Bitcoin mining stocks tracked by The Block showed mixed results Tuesday, with about half trading up and the other half down. Bitcoin was up and trading a bit under $16,900 by market close, accor...
Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt. The miner would then...
Most miners tracked Bitcoin lower
Most bitcoin mining stocks tracked by The Block fell on Monday, in line with the coin’s price. Bitcoin prices were around $16,600 by market close, according to data from TradingView. ...
Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb sinc...
Bitfarms nets $3.6 million gain from de la Pointe property sale
Mining firm Bitfarm, which has locations across the Americas, sold a property in de la Pointe, Quebec for a net profit of $3.6 million. The de la Pointe property used hydroelectric power from H...
Bitcoin miner CleanSpark slashes 2023 hashrate guidance on build-out delays
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 ...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...