mining

Riot Blockchain Releases Q2 Bitcoin Mining Update – Bitcoin Magazine

Riot increased its mining fleet to over 44,000 miners and still has more than 3,000 left to deploy. The company’s bitcoin production rose 107% YoY. A $14 million bitcoin sale and a 30 million share offering strengthened the company’s cash position. Bitcoin miner Riot released its Q2 bitcoin mining and production update on Tuesday, which …

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Bitmain, Antpool, Antalpha Offer Bitcoin Mining Industry Lifeline – Bitcoin Magazine

Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry. Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs. Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk. Bitmain Technologies Ltd., one …

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Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month. Over the year, revenue from …

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Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth

Debt has been a sore spot for some crypto miners, some of whom have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past few months’ market rout. However, given the capital heavy nature of the mining business, raising funds through debt has been …

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BTC mining stocks double in a month as production ramps

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8 (98.95%), and Riot Blockchain (96.69%) have seen their stock prices rocketing upwards …

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Landfill Gas Bitcoin Mining Garbage Money – Bitcoin Magazine

Daniel Batten is a climate tech investor, author, analyst and environmental campaigner who previously founded and led his own tech company. Why A Climate Tech Investor Got Excited About Gases From Garbage Since 2013, climate technology has grown at a similarly astounding pace to bitcoin itself: up 210% in the last year, and up 20,933% …

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CleanSpark Acquires 86 MW Bitcoin Mining Facility – Bitcoin Magazine

CleanSpark acquired an operationally ready bitcoin mining facility in Washington, Georgia. The facility was owned by bitcoin mining company Waha Technologies and is scalable to 86 MW. CleanSpark also purchased an additional 3,400 Antminers which will add over 340 PH/s to the company’s hash rate capacity. CleanSpark Inc, a North American sustainable Bitcoin mining company, …

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