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Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
5.8.2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than...
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
5.8.2024
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
3.8.2024
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish...
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...
Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto
3.8.2024
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy...
The USA can (and should) dedicate more energy to Bitcoin mining
2.8.2024
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining
Mining company CleanSpark sold only 2.54 Bitcoin in July
2.8.2024
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
2.8.2024
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports...
Bitcoin network difficulty breaks 3-month downtrend to mark new ATH
2.8.2024
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high
Bitcoin network difficulty breaks 3-month downtrend to mark new ATH
2.8.2024
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
2.8.2024
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected...
Marathon Digital shares plunge 8% after Q2 revenue miss estimates
2.8.2024
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%
Marathon Digital shares plunge 8% after Q2 revenue miss estimates
2.8.2024
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%
Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates
1.8.2024
The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit
CleanSpark's mining expansion continues with Wyoming facilities
1.8.2024
The US miner is now the second-largest by market cap, after flipping Riot Platforms
Bitcoin Miner Riot Platforms' Second-Quarter Loss Widens to $84.4M as Costs Surge
1.8.2024
The company's loss per share doubled to $0.32
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
31.7.2024
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady:...