Bitcoin miner Bitfarms reports $142 million second-quarter net loss

Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...

Cipher Mining completes 40-megawatt wind powered site in Texas

Bitcoin miner Cipher Mining has finished deploying mining rigs to its 40-megawatt wind powered facility in Alborz, Texas, representing about 1.3 exahash per second (EH/s) in hash rate. The new site wi...

Energy, weather problems helped push bitcoin miner Marathon to $191.6 million net loss

Bitcoin miner Marathon saw a net loss of $191.6 million in the second quarter of 2022, a significant jump from a $13 million net loss in the first quarter. Revenues fell 51.8% to $24.9 million. The co...

Stocks Rally Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet

Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts ...