The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on...
Tag: Production
Dragonfly Energy Receives US Patent To Aid Solid State Battery Production
Dragonfly Energy Holdings Corp (NASDAQ: DFLI) has secured a patent from the United States Patent and Trademark Office (USPTO). The patent is for “systems and methods for dry powder coating layer...
Netflix Plans $850 Million New Jersey Production Facility Amid Streaming Wars
Topline Netflix said Wednesday it plans to invest $850 million into an East Coast production hub in Fort Monmouth, New Jersey, the Hollywood Reporter reported, even as it struggles to maintain its lea...
Porsche starts production of e-fuel that could provide gas alternative
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plan...
Thunder Guard Josh Giddey’s Production Near Top Of 2021 NBA Draft Class
DETROIT, MICHIGAN – OCTOBER 11: Josh Giddey #3 of the Oklahoma City Thunder takes a first half shot … [+] over Cade Cunningham #2 of the Detroit Pistons at Little Caesars Arena on October ...
Ford boosts production of electric F-150 Lightning pickup truck
Corey Williams, plant manager at Ford’s Dearborn Truck Plant and Rouge electric vehicle center, outlines the automaker’s production plans for the F-150 Lightning electric pickup during a f...
Toyota Halts Car’s Sales and Production for US
Toyota is known for a lot of different things, mainly automobiles, but the company also makes sewing machines, forklifts, robotics, boats and even houses. Of course, the main line of business Toyota h...
UK’s Rishi Sunak Bans Fracking But Government Green Lights New Coal Production
NUSA DUA, INDONESIA – NOVEMBER 16: British Prime Minister Rishi Sunak shakes hands with President … [+] Joe Biden of the United States of America during a bilateral meeting at the G20 summ...
Bitcoin Miner 360 Mining Raised $2.25 Million (USD) To Increase Production Of Natural Gas
Bitcoin miner 360 mining intended to increase $2.25 million (USD) in recent funding. The New York government announced a ban on bitcoin mining entities for the next two years. The Bitcoin miner 360 mi...
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...
China eases Covid restrictions on travel and production
BEIJING — In a significant easing of Covid controls, the Chinese government said Wednesday that people will no longer need to show negative virus tests or health codes in order to travel between diffe...
Boeing’s last 747 rolls out of factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous fact...
Dow Jones Sells Off 350 Points After Economic Data; Tesla Skids On Plans To Cut Production
The Dow Jones Industrial Average sold off 350 points Monday after a host of November economic data, including the PMI composite, the ISM services index and factory orders. China stocks resumed their r...
TeraWulf Announces November 2022 Production and Operations Updates
Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022 Energization o...
OPEC+ agrees against cutting oil production further: sell oil stocks?
“XLE” – the Energy Select Sector SPDR Fund is in the red on Monday after OPEC+ agreed against cutting oil production further that sent oil prices back under $80 a barrel. What to expect from energy st...
World’s Biggest iPhone Factory Will Restart Full Production By Early January After Protests, Reports Says
Topline The world’s largest iPhone manufacturing facility in Zhengzhou, China will resume full production between late December and early January, according to Reuters, after a worker revolt at the pl...
Tesla plans to cut car production in Shanghai as demand wanes: report
Facing weaker demand in China, Tesla Inc. TSLA, +0.08% plans to reduce production at its Shanghai plant by possibly 20% in December, Bloomberg reported on Monday, citing sources. The cuts could kick i...
Apple Stock Slumps Due To Production Delays Of New iPhones In China
| Getty Images Key Takeaways Apple’s stock dropped on November 28 due to news of production issues at the Foxconn factory in Zhengzhou, China. The company declined to comment on the Bloomberg report t...
OPEC+ Leaves Lower Oil Production Targets In Place—As Biden Reportedly Scraps Plans To Punish Saudi Arabia Over Cuts
Topline The OPEC+ alliance of oil-exporting countries left its targets for global oil production in place Sunday in its first meeting since announcing cuts in October, as the Biden Administration repo...
Apple Is Looking to Move Production Out of China, Report Says
Apple has hastened plans to move part of its production out of China, home to the world’s largest iPhone factory, according to a The Wall Street Journal report citing anonymous sources. The world’s mo...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people ...
Marvell Stock Sinks as Earnings Fall Short. Customers Are Pulling Back.
Marvell Technology shares were sinking in late trading Thursday after the data- center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment ...
“A Stroke Of Serendipity” – A Technology Developed For The Bioethanol Industry Has Economic And Environmental Benefits For Beef And Dairy Production
A No-till corn field getty Most of the corn grown in the US has been improved using biotechnology to provide protection from insect damage and/or herbicide tolerance. The insect resistance trait has t...
Looking to boost Ocean EV production as ‘we have more demand than we counted on’
Henrik Fisker, the CEO of his eponymous EV company, rang the opening bell at the NYSE today to mark a huge milestone for the company. Last week at contract manufacturer Magna’s sprawling plant in Graz...
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value – Mining Bitcoin News
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar fo...
Bitfarms Noted Selling More BTC Than Production
Prominent bitcoin miner Bitfarms has witnessed disparity in its overall produced bitcoin (BTC) and sold crypto assets. Third quarter report of Bitfarms noted that it mined overall 1,515 BTC while sold...
Opinion: This record number in Nvidia earnings is a scary sight
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday ...
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $...
What’s Stopping Companies from Pulling Supply Chains Out of China
Text size Despite the trade war and Covid-19 lockdowns, China accounts for 35% of total U.S. containerized imports. Mario Tama/Getty Images About the authors: Christopher S. Tang is a University Disti...