Bitcoin Miner Financial News

11.04 / 15:41

business Bitcoin Miner Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s.

17.03 / 13:35

UPS Digital CEO RIG Bitcoin Marathon Q4 Bitcoin Miner Bitcoin miner Marathon Digital’s Q4 2022 revenue declines to this figure

Marathon Digital Holdings, a Bitcoin mining company, announced on 16 March that its revenue for the fourth quarter of 2022 fell 58% year on year to $28.4 million.

16.03 / 21:25

Blockchain BLOCK Pool RIG Bitcoin Bitcoin Miner Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000

Bitcoin mining is the process by which miners add new blocks to the Bitcoin blockchain. Miners must use computational power to solve complex mathematical equations to create a valid block hash. When a miner successfully creates a valid block hash, they receive a block reward of new bitcoins as well as transaction fees.

13.03 / 11:11

Blockchain Bitcoin Halving Bitcoin Miner Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward

A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain and received a 6.5 Bitcoin (BTC) block reward in return. The estimated value of the payout is over $150,000.

13.02 / 18:25

UPS Platform ICE Bitcoin Shell Bitcoin Miner stake Bankruptcy Reveals $1 Billion FTX-Tied Stake in Bitcoin Miner

Failed crypto tycoon Sam Bankman-Fried invested $1 billion into Genesis Digital Assets, a bitcoin miner in Kazakhstan, just months before the collapse of his FTX platform heralded a crypto winter that's looking more like an ice age. Bankman-Fried made the investment, the crypto exchange's biggest, through Alameda Research, the FTX-linked hedge fund that's at the center of his firm's bankruptcy, the Wall Street Journal reported.

31.01 / 16:53

business Mining Bitcoin Bitcoin Miner Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M

Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG).

27.01 / 08:29

business Mining Energy Court Bitcoin Power Bitcoin Miner Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court.

26.01 / 19:33

cryptocurrency BTC Bitcoin miners Bitcoin Bitcoin Miner Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price

According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets to exchanges, said “selling is at a three-year low”.

24.01 / 10:31

business Law Mining regulation Bloomberg Bankruptcy Bitcoin Backed Bitcoin Miner BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports.

23.01 / 16:55

business Mining NASDAQ stocks Bitcoin Bitcoin Miner compliance Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule

Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq.

19.01 / 23:59

business Mining stocks Bitcoin Bitcoin Miner Bitcoin miner CleanSpark expands operations in Georgia

Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.

12.01 / 01:51

business Bitcoin Bitcoin Price Bitcoin Miner Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022

Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division.

29.12 / 14:01

Mining Investment Galaxy Digital Bitcoin Miner Novogratz's Galaxy Digital Invests $100 Million to Prevent Argo Bitcoin Miner Firm Bankruptcy

Galaxy Digital, Michael Novogratz's crypto-focused financial services firm will buy Argo's Helios Bitcoin (BTC) mining facility and provide an additional $35 million loan to help with restructuring efforts.

21.12 / 18:49

business Blockchain Mining Bitcoin Bitcoin Miner Financial Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022

According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data's total sales of $202M for the 2021 fiscal year, when the firm grew its revenue ten-fold from 2020. Thillainathan added:

21.12 / 11:05

business Bitcoin Bitcoin Miner Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy

Just days after creditors offered to help Core Scientific — a Bitcoin (BTC) mining company — avoid possible bankruptcy, reports emerged confirming the business’ inevitable fate. Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices.

20.12 / 18:25

business Blockchain Bitcoin Bitcoin Miner Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG

According to a new filing with the U.S. Securities and Exchange Commission on Dec. 20, Bitcoin (BTC) miner Greenidge stated that it reached an agreement with its creditor, fintech firm NYDIG, to restructure approximately $74 million worth of debt. The deal, in the form of a non-binding term sheet, would result in a major change to Greenidge's current business strategy. Essentially, it would transform Greenidge from self-mining to hosting for NYDIG's mining rigs.

16.12 / 04:13

business Bankruptcy Bitcoin surges Bitcoin Miner Stock price for troubled Bitcoin miner Core Scientific surges 200%

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy.

15.12 / 09:17

business Mining Bankruptcy Bitcoin Bitcoin Miner Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy

Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.

04.12 / 09:35

Adoption Mining Bitcoin Miner Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009

Online forums are integral to the Bitcoin origin story, where Satoshi Nakamoto and early contributors collaborated to discuss and create a disruptive financial system from scratch. One of the oldest Bitcoin forums — bitcointalk.org — still preserves historical discussions around creating the Bitcoin (BTC) logo and the payment system.

02.12 / 15:11

markets Bitcoin Bitcoin Price Threat Bitcoin Miner Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price

Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses.

23.11 / 17:49

Mining SEC Bitcoin Bitcoin Miner Bitcoin Miner Firm Core Scientific Posts $400 Million Quarterly Loss – Bankruptcy Soon?

Bitcoin (BTC) mining firm Core Scientific could be next in line for a bankruptcy filing, after posting a loss of well over $400m in the third quarter.

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