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 ...
Tag: Mining Companies
Argo Blockchain tumbles 38% after bankruptcy gaffe
Bitcoin mining stocks tracked by The Block showed mixed results with about half a dozen trading up and the others down. Argo Blockchain’s shares plunged 38% in the UK and 37% in the U.S. i...
TeraWulf’s stock tumbles 33% Digihost more than 11%
Most bitcoin mining stocks tracked by The Block declined on Monday, though half a dozen were higher. Bitcoin prices were around $17,100 by market close, according to data from TradingView. ...
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%. ...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
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...
TeraWulf shares up 27% as stocks rally
Most mining stocks tracked by The Block rose on Thursday, following bitcoin’s upward trajectory. The coin was trading at around $17,200 by market close, according to data from TradingView....
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 ...
The Block: Bitcoin Mining stock report: Tuesday, December 6
Most bitcoin mining stocks tracked by The Block traded lower on Tuesday, some showing double-digit declines. Bitcoin was trading at around $17,000 by market close, according to data from Trading...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Bitcoin mining difficulty falls 7.2% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Bitcoin mining difficulty falls TK% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
The Block: Mining stock report: Monday, December 5
Most bitcoin mining stocks tracked by The Block traded lower on Monday, with a couple of of firms seeing double-digit declines. Bitcoin was trading at around $16,900 by market close, according t...
The Block: Bitcoin mining stock report: Friday, December 2
Bitcoin mining stocks tracked by The Block were mixed, with several stocks seeing double-digit gains. Bitcoin was trading around $17,030 at the time of market close. (BTC to USD ch...
BlockFi’s bankruptcy is the latest blow for a bleeding Bitcoin mining industry
As if crashing crypto assets, high energy prices and increasing difficulty in mining weren’t enough, now Bitcoin miners face the fallout from BlockFi’s bankruptcy protection filing. ...
Bitcoin’s mining difficulty set for largest single drop of 2022
It’s a sign of the times: the next bitcoin mining difficulty update might be the largest drop this year. The adjustment is projected to happen in the early hours of next Tuesday and could ...
Bitcoin mining revenues fell 20% in November
Bitcoin mining revenues fell 19.9% in November to about $472.64 million, according to data compiled by The Block Research. The cryptocurrency’s price, which had been hanging around the $19...
The Block: Bitcoin mining stock report: Thursday, December 1
Bitcoin mining stocks tracked by The Block showed mixed results, with about half trading up and the other half down. Bitcoin was trading at around $16,900 by market close, according to data from...
The Block: Bitcoin mining stock report: Wednesday, November 30
Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView....
The Block: Bitcoin mining stock report: Monday, November 28
Most bitcoin mining stocks tracked by The Block traded lower on Monday, continuing a longer-term trend. Bitcoin was trading at around $16,200 by market close, according to data from TradingView...
The Block: Bitcoin mining stock report: Friday, November 25
Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 25. Bitcoin was trading at about $16,513 at the time of market close. The stocks down the most were...
The Block: Bitcoin mining stock report: Wednesday, November 23
Most bitcoin mining stocks tracked by The Block traded higher on Wednesday, some by double digits. The spike took place after Gov. Kathy Hochul signed a partial cryptocurrency mining ban into New York...
The Block: Bitcoin Mining Stock Report: Tuesday, November 22
More than half of the bitcoin mining stocks tracked by The Block increased, while others declined by double digits. TeraWulf’s stock declined by 16% and Core Scientific’s stock fell...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...
The Block: Bitcoin mining stock report: Monday, November 21
Most bitcoin mining stocks tracked by The Block traded lower on Monday, some by double digits. Bitcoin was trading at around $15,800 by market close, according to data from TradingView. &#...
Bitcoin mining difficulty rises slightly after latest adjustment
Bitcoin mining difficulty has increased by 0.51% after the latest adjustment, according to an update posted Sunday evening on BTC.com. The network’s hash rate has fallen 3.8% since Nov. 6,...
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...
The Block: Bitcoin mining stock report: Friday, November 18
Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 18. The price of Bitcoin was about $16,612 at the time of market close. (BTCUSD chart by TradingView) ...
The Block: Binance had ‘at minimum ill-intent’ in revoked FTX proposal: Sen. Ted Cruz
Sen. Ted Cruz said that Binance showed “at minimum ill intent” regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance’s public offe...