Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison ...
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Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
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Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the several companies that had a ...
Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
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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. Hut 8 said on Jan. 26 that it had ...
Bitcoin hash rate taps new milestone with miner hodling at 1-year low
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Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 ...
TON validators to determine suspension of inactive miner wallets
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Ton Blockchain (TON) validators will vote on suspending inactive miner wallets starting Feb.21, 2023, according to a company press release. There are currently 195 inactive addresses in the TON network, according to the press release. Each has a balance of ...
Bitcoin miner CleanSpark expands operations in Georgia
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Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market. Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late ...
Crypto miner explains how Bitcoin mining stabilizes grids
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2022 was “the perfect storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 mining, one of the largest crypto miners and digital asset experts in the space. Leverton sat down with Gareth Jenkinson, senior reporter at Cointelegraph, ...
Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022
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Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division. According to Northern Data AG, in the fiscal year 2022, it mined a total of 2,798 BTC, ...
Bankrupt miner Core Scientific Bitcoin production rose 5% in December
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Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period, Core Scientific said its self-mining hash ...
Bitcoin miner Hut 8 registers sequential drop in Bitcoin production
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Canadian Bitcoin mining firm, Hut 8 increased its Bitcoin holdings by 161 in December 2022 – a decline of 32.35% from November’s 238 Bitcoins. Further, Hut 8 mined Bitcoin at an average of 5.2 Bitcoin/day in December – a fall ...