Miner

Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed on May 9, the company’s […]

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Bitcoin Miner Stocks Decline Ahead of Halving, Miners Remain Optimistic

Bitcoin Miner Stocks Decline Ahead of Halving, Miners Remain Optimistic

Bitcoin miners are experiencing a significant drop in stock prices as the upcoming halving is slated for later this week. The fourth Bitcoin halving, around April 20, will slash mining rewards by half to 3.125 BTC, currently valued at approximately $200,000. The stock prices of Marathon Digital (MARA) and Riot Blockchain (RIOT), key players in Bitcoin

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Bitcoin Miner Outflow Surges to 77-Month High: Data

Bitcoin Miner Outflow Surges to 77-Month High: Data

Bitcoin miner outflow has reached a 77-month high despite an overall positive trend in the crypto market. According to on-chain intelligence firm CryptoQuant, the ‘Miner Outflow’ metric demonstrated the outflow of Bitcoin from mining pool wallets not seen since August 2017. The outflow metric doesn’t directly monitor funds transferred from miners’ addresses to crypto exchanges,

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Bitcoin Miner Firm Northern Data Spends $360 Million on GPUs for AI Services

Bitcoin Miner Firm Northern Data Spends $360 Million on GPUs for AI Services

Northern Data – a German data center and Bitcoin mining operator – has spent another $360 million on GPUs to bolster its cloud computing services. The move signals further integration of Bitcoin miners into the AI sector where industry firms benefit from pre-existing infrastructure and economies of scale. Diving Deep Into AI Taiga Cloud –

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Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months ended September 30, 2023. That’s down

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Bitcoin Miner Northern Data Secures $609 Million Debt Financing Facility from Tether

Bitcoin Miner Northern Data Secures $609 Million Debt Financing Facility from Tether

Europe’s leading Bitcoin miner and data cloud provider – Northern Data – announced securing EUR 575 million (worth over $609 million) debt financing facility from stablecoin issuer, Tether after entering into a loan agreement. The facility, operating under standard market conditions, is unsecured and set to mature on January 1, 2030, and is expected to

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Crypto Miner Marathon Digital Plans to Raise $750 Million Through Hybrid Equity Offering

Crypto Miner Marathon Digital Plans to Raise $750 Million Through Hybrid Equity Offering

Source: agnormark/Adobe Crypto mining company Marathon Digital has unveiled plans to raise as much as $750 million through a hybrid equity offering. In a recent filing submitted to the US Securities and Exchange Commission, the company said it plans to use the funds generated from this sale to invest in state-of-the-art mining equipment and expand

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