Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
Bitcoin miners had a rough 2022, showing “how to not build a mining business,” However, industry experts don’t see 2023 as any better, unless markets improve significantly.
Compass Mining Wins $1.5 Million in Court Ruling Against Hosting Provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June.The company was ordered to pay a total of $1.47 million by a Delaware Court on Thursday.
Bitcoin Miner Bitfarms’ CEO Exits; COO Will Replace
Emiliano Grodzki, the co-founder and CEO of Canadian bitcoin miner Bitfarms (BITF), has resigned, effective immediately, according to company statement. The company's President and COO Geoffrey Morphy has been promoted as his replacement.
BTC Miner Balances Poised for Selloff As Sell Pressure Increases
Bitcoin (BTC) miner balances started at 1.82 million BTC at the beginning of the year. Despite peaks of capitulation and significant selloff volume, BTC miner wallets still sit at a flat 1.8 million BTC.
Bitcoin Miner Argo Will Avoid Bankruptcy With $100M Bailout from Novogratz’s Galaxy
Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection, after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital (GLXY) for $65 million.
Bitcoin Miners Increased Hash Rate and Production Despite Falling BTC Prices in 2022
The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on average from their 52-week high prices, according to Compass Mining.
Bitcoin Miner Core Scientific Approved for $37.5 Mln Bankruptcy Loan
U.S. bitcoin miner Core Scientific received court approval on Thursday to fund its Chapter 11 case with a $37.5 million loan from a group of existing creditors.
Germany-Based Bitcoin Miner Northern Data Forecasts €190M Revenue for 2022
Bitcoin miner Northern Data, based out of Germany, anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022.
Bitcoin Miner Core Scientific Reportedly Files for Bankruptcy Despite $72M Bailout Offer
Publicly-listed Bitcoin miner Core Scientific is planning to file for Chapter 11 bankruptcy protection in Texas on Wednesday as the bear market intensifies.
