Riot Blockchain Saw a 73% YoY Increase of BTC Production in June
One of the leading cryptocurrency mining firms – Riot Blockchain – mined 421 BTC in June this year, a considerable increase compared to the 243 BTC produced in June 2021.…
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Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining?
Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
Argo Blockchain Sold More BTC Than What it Mined in June
The UK-based cryptocurrency mining firm – Argo Blockchain – mined 179 BTC last month. However, due to the current market conditions and its loan agreement with Galaxy Digital, the company…
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
Moving rigs from New York to Texas was part of Riot's effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.”
Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners’ revenue
The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy.
Core Scientific sold $167M worth of Bitcoin holdings in June
The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of…
Core Scientific Sold Most of its Bitcoin Holdings in June
The publicly traded Bitcoin miner Core Scientific confirmed on Tuesday that it sold $167 million worth of Bitcoin in June alone. This selloff leaves the miner with just 1,959 Bitcoin…
Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report
For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit…
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a…
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