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Bitcoin mining
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Bitcoin Mining
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CryptoCurrency
Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins
Initiating coverage with a buy rating, the firm sees shares rise 5.2% to $8.47.
The firm holds the second-largest reserve of bitcoins among listed miners, totaling 9,102 as of March 31.
Monday, 22/04/2024 | 14:57 GMT
by
Tareq Sikder
CryptoCurrency
Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024
Argo Blockchain closes Mirabel's sale and reduces debt by $12.4 million.
However, its shares on the LSE and NASDAQ are experiencing the most pronounced decline within the crypto industry.
Thursday, 28/03/2024 | 08:33 GMT
by
Damian Chmiel
CryptoCurrency
Marathon Digital Posts Impressive Q4 Results: Revenue Up 452%
The company sold 56% of the Bitcoin it produced in Q4 to fund operating costs.
Marathon's Bitcoin production increased 210% to a record 12,852 BTC.
Thursday, 29/02/2024 | 13:48 GMT
by
Jared Kirui
Executives
Hut 8 Announces Change in Leadership: Asher Genoot Succeeds Jamie Leverton as CEO
Genoot brings considerable experience from his previous role as the President of US Bitcoin Corp.
Hut 8’s portfolio includes computing data centers in British Columbia and Ontario and Bitcoin mining and hosting sites.
Wednesday, 07/02/2024 | 17:54 GMT
by
Jared Kirui
CryptoCurrency
Bitcoin Winter Hits Argo: A Look into Its Sluggish Start in 2024
Argo Blockchain's Bitcoin mining fell 20% in January 2024 due to reduced BTC prices.
This translated into a revenue decline to $5.3 million last month.
Monday, 05/02/2024 | 09:23 GMT
by
Damian Chmiel
Thought Leaders
Bitcoin Investment and Mining
One of the primary reasons why people invest in Bitcoin is its potential for high returns.
Friday, 19/01/2024 | 09:00 GMT
by
FM
CryptoCurrency
Bitcoin Miner Core Scientific Gets Restructuring Approval, Re-Listing in Sight
The company expects to re-list its shares on Nasdaq later this month.
Its existing shareholders will receive 60 percent of the new equity.
Wednesday, 17/01/2024 | 10:08 GMT
by
Arnab Shome
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CryptoCurrency
Hut 8’s Revenue Tumbles 46% amid Bitcoin’s Rising Challenges
Hut 8 Mining Corp. sees a dip in Q3 revenue to $17 million.
The reason is the lower mining output caused by increasing network difficulty.
Wednesday, 15/11/2023 | 08:54 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Q3 Revenue Clouded by Net Loss, despite Cost Cuts
Argo Blockchain's Q3 sees increased mining margins and lower Bitcoin production costs.
Even with positive EBITDA and reduced debts, the company reported another quarterly net loss.
Tuesday, 14/11/2023 | 08:03 GMT
by
Damian Chmiel
Trending
Bitcoin Mining – The International Drive to Go Green
Bitcoin mining uses vast amounts of power.
A report by HAYVN Global highlights a range of eco-friendly options.
Hydro, geothermal, stranded gas and more can be used in the fight against global warming.
Friday, 10/11/2023 | 11:08 GMT
by
Louis Parks
CryptoCurrency
HIVE’s Mining Capacity Hits 4 EH/s despite Production Dip in October 2023
HIVE reports that its mining results for October were worse than the previous month.
However, the company has rebranded and wants to focus on providing computational power to the AI industry.
Monday, 06/11/2023 | 09:10 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8 Mines Less but Hoards More Bitcoins in Crypto Vault
Hut 8 mined 111 Bitcoin in September, 166 less than a year ago.
However, the company maintains one of the largest self-mined Bitcoin reserves among publicly traded companies.
Wednesday, 11/10/2023 | 08:03 GMT
by
Damian Chmiel
CryptoCurrency
Does Bitcoin or Crypto Mining Still Pay Off?
A fresh look into crypto mining.
Wednesday, 04/10/2023 | 12:00 GMT
by
Pedro Ferreira
CryptoCurrency
Bitfarms' YTD Bitcoin Mining Figures Lower Than 2022
Bitfarms mined 411 Bitcoin in September, marking an increase of 7.3% from August.
However, the YTD numbers are lower than in 2022.
Tuesday, 03/10/2023 | 09:18 GMT
by
Damian Chmiel
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CryptoCurrency
Bitcoin's Energy Consumption Debate: Unpacking the Latest Developments
The case for clean BTC.
Friday, 15/09/2023 | 12:39 GMT
by
Pedro Ferreira
CryptoCurrency
Environmental Concerns and Bitcoin: Exploring Eco-Friendly Solutions
Are the concerns justified?
Friday, 08/09/2023 | 15:30 GMT
by
Pedro Ferreira
CryptoCurrency
Core Scientific's Bitcoin Mining Output Drops in August amid Market Volatility
The company produced 965 self-mined Bitcoins from 206,000 miners during the period.
The mining industry was negatively affected last month following Bitcoin’s flash crash.
Thursday, 07/09/2023 | 16:04 GMT
by
Jared Kirui
CryptoCurrency
Riot Pivots to Electricity and HIVE to AI as Bitcoin Mining Profits Plummet
Crypto miners are reporting lower BTC production output.
In the search for revenue, they sell electricity or computing power to AI firms.
Thursday, 07/09/2023 | 08:49 GMT
by
Damian Chmiel
CryptoCurrency
BTC Miners Struggle to Break Even: Cathedra Bitcoin Reports C$2.9 Million Loss
Cathedra Bitcoin's Q2 2023 financials show an increase of 19.5 BTC in mining output.
However, similar to other publicly listed miners, it has not achieved profitability.
Wednesday, 30/08/2023 | 07:08 GMT
by
Damian Chmiel
CryptoCurrency
Canaan Breaks Record in Mining Revenue but Struggles to Turn a Profit
The rise in Bitcoin mining revenue did not help the company to achieve profitability.
Other crypto miners also reported weaker results for Q2 2023.
Tuesday, 29/08/2023 | 10:38 GMT
by
Damian Chmiel
CryptoCurrency
Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
Bitcoin's flash crash negatively affected the performance of mining companies.
In addition, their revenues fell to monthly lows.
Thursday, 24/08/2023 | 11:54 GMT
by
Damian Chmiel
ADVERTISEMENT
CryptoCurrency
What is BTC Mining and How It Works
Bitcoin mining explained
Wednesday, 23/08/2023 | 11:41 GMT
by
Pedro Ferreira
CryptoCurrency
The New Digital Gold Rush: Cryptocurrency Miners Eye AI Horizons
After making a loss in 2022, miners in 2023 are taking advantage of AI's growing potential.
JPMorgan suggests that HPC services could be more profitable than BTC mining ever was.
Monday, 21/08/2023 | 11:21 GMT
by
Damian Chmiel
CryptoCurrency
Argo’s June Bitcoin Production and Revenue Fall by Almost 20%
June 2023 sees a decrease in Argo’s Bitcoin mining to 139 BTC.
The firm's revenue also fell, but enhancements to mining capacity are underway.
Wednesday, 12/07/2023 | 06:56 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8 Reports Double-Digit Decline in Bitcoins Mined in June
The crypto miner produced 120 Bitcoins in June.
The figures represent a decline of 18% compared to the previous month.
Thursday, 06/07/2023 | 14:38 GMT
by
Jared Kirui
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