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” Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022 “ The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a…
” Crypto Biz: A Futurist take on crypto “ You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North America’s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has…
” BTC mining stocks double in a month as production ramps “ Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8…
” Australia-based crypto miner doubles hash rate after energizing Canadian rigs “ Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie, Canada. In a Monday announcement, Iris Energy said it had brought 41 megawatts…
” Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July “ Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based company generated 330 Bitcoin in July at an average production…
” Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts “ Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production…
” Antminer S19 XP dropped in a bid to swing crypto miners back into profit “ With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining device seems like a shot in the dark. But a mining expert explained there may…
” Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital “ Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with…
” Crypto miner Digihost plans to move rigs from New York to Alabama “ Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs. In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in Alabama —…
” Bitcoin miner capitulation due to end amid 1st difficulty increase since June “ Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here. That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest Intelligence Newsletter on July…