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Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
12.12.2022
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9
Data shows the Bitcoin mining bear market has a ways to go
9.12.2022
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
Bank of Russia wants to ban miners from selling crypto to Russians
7.12.2022
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
3.12.2022
Sam Bankman-Fried was consulted on the capital injection, which was made before crypto prices plummeted
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
2.12.2022
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below...
Crypto and Capitulation — Is there a silver lining? Watch Market Talks on Cointelegraph
1.12.2022
Join us as we discuss the current state of the crypto market and whether there could actually be a silver lining to capitulation. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Magdalena Gronowska
Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction
29.11.2022
Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks...
Bitcoin capitulations abound — Data shows realized and unrealized losses at record-highs
28.11.2022
Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Australian firm raises $28M to expand Bitcoin mining capabilities
17.11.2022
The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market
Bitcoin miner Canaan scales operations despite low earnings, CEO says
14.11.2022
Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million
8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...
Bitcoin miner Iris Energy faces $103M default claim from creditors
7.11.2022
The company is facing a cash flow crisis due to tough market conditions
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity
7.11.2022
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth in electricity demand is expected to continue in Québec....
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million
1.11.2022
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J...
Argo Blockchain is at risk of closing if it fails further financing
31.10.2022
Argo Blockchain has been selling its Bitcoin holdings earlier this year to cut debt to Michael Novogratz’s crypto investment firm Galaxy Digital
Bitcoin miners rethink business strategies to survive long-term
26.10.2022
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s
26.10.2022
On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass 5.5 EH/s by...
Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash
24.10.2022
On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce...