Mining companies are soaring as bitcoin hits record highs.
The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavily on the space.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share.
AirBit Club’s leadership has been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles.
Mining difficulty on the network rose by 8.9% today while the hash rate is more than 130 EH/s.
The Bitcoin mining giant appoints a new director with a stellar institutional background as stock prices surge.
Shares of the mining company surged to $6.60 Friday.
Over 50% of Bitcoin’s hashrate now supports the “uncontroversial” upgrade.
Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add […]
Bitcoin mining revenue has topped $20 million per day, its highest level this year.