Bitcoin (BTC) mining company Marathon Digital Holdings’ (NASDAQ:MARA) earnings report for Q3 2022 shows that the company’s production fell 51% to 616 Bitcoins from 1,252 Bitcoins in Q3 2021. The compa...
Tag: Production
Foxconn investment to boost EV production
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plan...
Marathon Digital records highest BTC production in October
United States-based cryptocurrency mining organization Marathon Digital Holdings mined 615 BTC this October, the highest monthly total in its history. Marathon’s October mining production is only one ...
Fisker details sales ramp, says Ocean SUV production set to start this month
Fisker Inc. late Wednesday reported a quarterly loss that was wider than Wall Street expected, but kept some of its milestones unchanged, including the start of production of its electric SUV, and gav...
Luminar lidar production begins ahead of schedule
Luminar showcased the first passenger vehicle, a Toyota RAV4, fully integrated with the company’s Iris lidar, which is on-track for series production with its partners starting in late 2022. Lum...
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like that—and it would’ve be...
BitNile Holdings Issues October Bitcoin Production and Mining Operation Report
LAS VEGAS–(BUSINESS WIRE)–$AP #ARBK—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today published an unaudited update on Bitcoin production a...
BitNile Holdings Achieves Bitcoin Mining Production Milestone of 500 Bitcoin Mined to Date at Its Michigan Data Center
LAS VEGAS–(BUSINESS WIRE)–$AP #500_BTC_mined—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that it has achieved a Bitcoin mi...
Report: Bitcoin Mining Is Worse Than Beef Production
A new report suggests that bitcoin is bad: very bad. It’s so bad for the environment, it’s on par with hardcore beef production, and it’s far worse than gold mining. Bitcoin and Beef… The Former’s Wor...
VW Starts Building Electric Vehicles In U.S. Plant: Just-In-Time Production
Volkswagen has begun building the Volkswagen ID.4 electric vehicle at the VW plant in Chattanooga, … [+] Tenn. Photo: Volkswagen The timing couldn’t be much better for Volkswagen to start buildi...
Bitcoin mining now consumes 0.16% of the global energy production
In light of an ongoing debate over the impact that Bitcoin (BTC) mining has on the environment, the Bitcoin Mining Council (BMC) has presented new facts that assert how negligible this effect is. Inde...
Global Bitcoin mining consumes 0.16% of the world’s energy production, study finds
In light of an ongoing debate over the impact that Bitcoin (BTC) mining has on the environment, the Bitcoin Mining Council (BMC) has presented new facts that assert how negligible this effect is. Inde...
How The OPEC Meeting On Production Influences Oil And Gas Stocks
| Getty Images Key Takeaways OPEC controls 40% of the world’s oil production and accounts for 60% of internationally traded oil. This gives the organization massive control over the international pric...
AMC Entertainment Struggling with Falling Stock(s), High Debt and Relatively Bleak Production Schedule
AMC shares at 52-week low; APE not faring well either Investors are concerned about ownership dilution and business strategy AMC has enough cash to outlast the coming months with only 4 mega flicks sc...
Saudi Arabia defends OPEC+ production cut, suggests White House wanted delay until after midterms
Saudi Arabia’s ministry of foreign affairs put out a rare statement on Thursday defending the Organization of the Petroleum Exporting Countries’ decision last week to cut production, and suggested the...
Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter. The chipmaker said earnings rose ...
Lucid EV production on track to meet 2022 guidance
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric luxury vehicle maker Lucid Group...
Mercedes-Benz and Microsoft Collaborate to Boost Efficiency, Resilience and Sustainability in Car Production
Mercedes-Benz introduces MO360 Data Platform, connecting passenger car plants to Microsoft Cloud Vehicle production efficiency expected to improve by 20 percent by 2025 Logistic teams to solve supply ...
Biden Pledges ‘Consequences’ For Saudi Arabia Over Oil Production Cuts
Topline President Joe Biden told CNN on Tuesday Saudi Arabia will face “consequences” for joining with Russia and other major energy producers to slash oil production, a move that has driven fears of ...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
The Greed And Geopolitics Of The OPEC+ Oil Production Cut
Delegates during a news conference following the 33rd meeting of the Organization of Petroleum … [+] Exporting Countries (OPEC) and non-OPEC countries in Vienna, Austria, on Wednesday, Oct. 5, 2...
Rivian 2022 EV production targets will mean a sharp ramp-up
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 ...
Norwegian Oil Giant Leads Surprising Shift To Carbon-Neutral Energy Production
Equinor ASA (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images The global energy complex is in a state of flux, made worse by the war in Ukraine, overzealous European lawmakers and unp...
Ford to end production of $500,000 GT supercar with special edition
2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. Th...
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after permits are a...