Search
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
1.9.2024
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops...
Bitcoin miners record lowest daily revenue of 2024
12.8.2024
Bitcoin miners' daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
3.8.2024
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging...
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
7.7.2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty...
MicroStrategy Reports Net Loss of $53.1M in Q1 of 2024 and Yearly Revenue Decline of 5%
30.4.2024
Bitcoin (BTC) development company MicroStrategy reported a net loss for the first quarter of 2024 of $53.1 million, or $3.09 per share on Monday.
The post MicroStrategy Reports Net Loss of $53.1M in Q1 of 2024 and Yearly Revenue Decline of 5% appeared first on Cryptonews
Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation
23.4.2024
Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is "deeply undervalued," despite revenue decline.
The post Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation...
Yeti Finance will be winding down after TVL and revenue decline
28.12.2023
Yeti Finance recently announced that it will be shutting down operations. The official announcement came on Yeti Finance’s X/Twitter channel. The primary reason behind the decision is a severe drop in TVL and revenue. In addition, Yeti Finance stated that the crypto circle had been shaky for...
European Banks Struggle With Low Interest Rates and Strict Regulations
4.12.2019
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....