BTC Miner CleanSpark on the Hunt for Further Crypto Miner fire Sales
Bitcoin mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year. The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth. Chief Financial Officer, Gary Vecchiarelli, said CleanSpark has seen “explosive growth” in the last 12 months and feels very comfortable with its plans. He added that growth in terms of mergers and acquisitions would continue into 2023. (Cointelegraph)
Argo Mined 168 BTC in January, Accrued Roughly $3.42M in Revenue
Argo Blockchain mined 168 Bitcoin (BTC) during January — collecting roughly $3.42 million in mining revenue, according to the company’s January Operational Update.
Bitcoin Mining Can Help Solar Energy Meet 99% of End-User Demand, Study Shows
As the cryptocurrency industry evolves, mining Bitcoin (BTC) is becoming increasingly popular, with arguments in favor of its use to offset energy waste despite criticism over its effect on the environment. In fact, a study has shown that Bitcoin mining can reduce this effect by working together with solar storage systems.
Marathon Reports 45% Increase in BTC Production in January
U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.
Bitcoin Miner Share Prices Soar in January 2023
Cryptoslate has previously analyzed 9 of the top Bitcoin mining companies in terms of the evolution of Bitcoin holdings in 2022.
Bitcoin Miner Greenidge Generation Cuts NYDIG Debt 78% to US$17 Million
Troubled U.S.-based Bitcoin mining firm Greenidge Generation Holdings Inc. has restructured more of its debt to investment management service provider NYDIG and investment bank B. Riley Commercial Capital, the company announced on Tuesday. According to the statement, Greenidge also agreed to restructure another US$11 million owed to B. Riley, reducing its cash obligations to about US$9 million. (forkast)
Bitcoin Mining Advocate Is Going State-to-State To Educate US Lawmakers
Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.
Bitcoin Mining Revenue Surged by 140% Since Christmas
The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping almost $24 million.
Bitcoin Mining Difficulty Hits a New All-Time High
Bitcoin’s mining difficulty has hit a new all-time high, rising roughly 4.68% from 37.59 trillion on Sunday to 39.35 trillion at the time of writing.
Bitcoin Mining Revenue Jumps Up 50% to $23M in One Month
As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023.
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