Reading Time: < 1 minute In the first half of 2023, mining firm Argo Blockchain reported a net loss of $18.8 million and lowered their debt from $143 million at the end of June 2022 to $75 million.
Tag: Crypto mining
Cryptocurrency mining
A Solo Miner Earns $160K Mining a BTC Block
Reading Time: < 1 minute One miner operating within the network of BTC made a notable 6.31 Bitcoin (including fees) from block number 803,821 on August 19.
What is Bitcoin Mining?
Reading Time: 3 minutes Bitcoin mining is the process by which new bitcoins are entered into circulation.
Miner Argo Blockchain Attracts $7.5M to Pay Off its Debt
Reading Time: < 1 minute Argo Blockchain has successfully raised a sum of £5.75 million (~$7.5 million) from a combination of institutional and retail investors.
Mining Firm Hut 8 Gets Access to $50M Credit Line from Coinbase
Reading Time: < 1 minute Hut 8 Mining has announced a deal with a division of Coinbase for a $50 million line of credit which is secured by the company’s Bitcoin.
Iris Energy to Increase its Hashrate to 9.1 EH/s
Reading Time: < 1 minute Iris Energy has announced their intention to increase their Bitcoin hashrate to 9.1EH/s by early 2024, up from 5.6EH/s, which would be supported by the first 100MW data center in Childress, Texas.
Bitfarms Mined 459 Bitcoins in May
Reading Time: < 1 minute Bitfarms mined 459 Bitcoins in May, up 21.1% from April, despite an increase in mining difficulty of 44.9% since the start of 2021 (5.2% in May specifically). The price of…
The Quarterly Loss of Miner Canaan Drops to $84.4M
Reading Time: < 1 minute Crypto miner Canaan has reported a net loss of $84.4 million in the first quarter of 2023.
Bit Digital Plans to Place Mining Power in Iceland
Reading Time: < 1 minute Bit Digital has acquired 2,500 mining devices for $5 million for its new data center in Iceland.
