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Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings
10.5.2024
Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024.
The post Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings appeared first on Cryptonews
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
The post Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations appeared...
Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings
30.4.2024
This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development follows the network’s fourth halving and occurs amid a period when Bitcoin’s hashprice...
Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
4.4.2024
Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting...
Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina
27.3.2024
Texas-based cryptocurrency mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend.
The post Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina appeared first on Cryptonews
Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms
27.3.2024
Crypto mining firm Bitdeer Technologies is reportedly in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.
The post Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms appeared first on Cryptonews
Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022
13.3.2024
Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses.
The post Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022 appeared first on Cryptonews
Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC
23.2.2024
Bitcoin mining firm Riot Platforms has achieved record-breaking results in 2023, with total revenues reaching an all-time high of $281 million.
The post Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC appeared first on Cryptonews
BitRiver to Build New 100MW Crypto Mining Center in Russia
20.2.2024
BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia.
The post BitRiver to Build New 100MW Crypto Mining Center in Russia appeared first on Cryptonews
Crypto Miner Phoenix Group Reports 50% Jump in Net Income
15.2.2024
UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition
6.2.2024
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations, the firm also secured a site in Dalton, Georgia...
Shareholder Sues Crypto Mining Firm Over Unrealistic Pre-IPO Claims
6.2.2024
A shareholder sued crypto mining firm Stronghold’s senior officials, claiming that they made impractical pre-IPO pledges. Glenn Bruno’s Friday complaint targets Stronghold’s officers and directors for alleged legal violations between July 2021 to March 2022. The violations include breaches...
Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million
2.2.2024
Marathon Digital will acquire two of Hut 8’s Bitcoin mining sites for $13.5 million under an agreement announced February 2 in a press release. Marathon Digital Buys Out Site Management Rights Top Bitcoin mining firm Hut 8 said in the release that it’s relinquishing Bitcoin mining sites...
Bitcoin Mining Firm GRIID Debuts on Nasdaq
29.1.2024
Today, Bitcoin mining company GRIID commenced trading on the Nasdaq stock exchange. In a January 29 press release, the company announced it would begin trading under the ticker symbol ‘GRDI’. “Today marks a significant milestone for GRIID as we begin to trade in the U.S. market,” GRIID...
BitRiver – Bitcoin Mining More Profitable in Russia Than US
23.1.2024
The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy. Per RBC, Igor Runets, the Founder and CEO of BitRiver, said the difference would likely become more...
Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition
10.1.2024
Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that...
Cleanspark Bolsters Bitcoin Mining Might With 60,000 S21 Rig Acquisition From Bitmain
9.1.2024
The bitcoin mining firm Cleanspark, listed on Nasdaq, recently revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for delivery in the next quarter, this purchase represents approximately 12 exahash per second (EH/s) of hashing power. Moreover, Cleanspark has secured...
Bitcoin Miner CleanSpark Buys Another $193 Million Of Mining Equipment After Stock Downturn
8.1.2024
Source: Adobe / Photocreo Bednarek As Bitcoin’s (BTC)’s price surges to multi-year highs, mining firm CleanSpark has closed another nine-figure infrastructure deal to help the company seize as many newly minted units of BTC as possible. In a press release on Monday, the company announced that...