Mining Financial News

10.01 / 04:07

business Blockchain Mining NY law firm investigates potential 'securities fraud' at Core Scientific

A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices" which led to its stock price falling on several occasions.

09.01 / 23:31

business Mining stocks Federal Reserve Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation.

09.01 / 22:49

Law Mining regulation CCP Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report

Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.

04.01 / 15:05

business Mining Bitcoin analysts Year of Bitcoin miners’ merge? Analysts predict key mining trends for 2023

After a shocking year for Bitcoin (BTC), public miners will focus on strengthening balance sheets and minimizing costs this year, according to industry analysts.

30.12 / 05:11

business Mining Mike Novogratz calls Helios a 'transformative acquisition' for Galaxy

Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector.

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.

28.12 / 18:15

Blockchain Mining Internet What is browser-based cryptocurrency mining, and how does it work?

Once assumed to be extinct until its unlikely return in the latter part of 2017, browser-based cryptocurrency mining dates back to 2011 when BitcoinPlus.com launched its then-innovative service.

28.12 / 15:43

business Mining Drop Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis.

28.12 / 12:39

business Mining Argo Blockchain sells top mining facility to Galaxy Digital for $65M

Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market.

28.12 / 05:51

Mining Analysis BitMEX 100%: Public Bitcoin miners sold almost everything they mined in 2022

Publicly listed Bitcoin (BTC) miners sold off almost 100% of all the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created "a persistent headwind" for the Bitcoin price or not.

24.12 / 19:29

business Law Mining Blockware sued over alleged misrepresentation of miners' performance

London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running.

24.12 / 11:35

business Mining Loans Public Bitcoin mining companies plagued with $4B of collective debt

The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate restructuring to get out of the unsustainably high debt levels.

24.12 / 02:15

Mining regulation Trading privacy Broker U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is

A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in accordance with the Infrastructure Investment and Jobs Act passed in November, 2021.

22.12 / 13:39

Mining Bankruptcy Core Scientific One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry

Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.

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:

15.12 / 22:01

business Mining Bitcoin How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph

On this week’s episode of Market Talks, Cointelegraph welcomes Drew Vosk, founder of VoskCoin, a cryptocurrency YouTube channel with over 607,000 subscribers.

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.

12.12 / 23:47

business Mining Bankruptcy reports Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy

Crypto mining firm Argo Blockchain has reported it had been negotiating to sell assets and “engage in an equipment financing transaction” in an effort to avoid filing for bankruptcy.

12.12 / 16:15

Mining Energy Investment Power Crypto Mining Investments in Cuba Have Been Severely Impacted by Constant Power Blackouts

Repeated blackouts in several parts of Cuba have reportedly made operating cryptocurrency mining rigs impossible - and mining unsustainable.

07.12 / 09:23

business Mining Blockstream Bitcoin valuation Blockstream raising funds for mining at 70% lower company valuation

The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing.

06.12 / 17:21

Blockchain Mining Bitcoin BTC difficulty drops by the biggest margin since 2021

Tough market conditions continue to affect the Bitcoin (BTC) ecosystem as mining difficulty drops by its biggest margin since July 2021.

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