Reports indicate (1) that Marathon Digital Holdings, Inc. anticipates recording revenue of $38.4 million for the quarter ending in December 2022. Even though this amount is three times higher than what the cryptocurrency miner made in the previous quarter, it is still lower than the $60.3 million that it made in the same time period … Read more
SBI Group, a Japanese financial conglomerate, recently made the announcement that it will cease all of its cryptocurrency mining activities across the entirety of Russia. The company has discontinued its cryptocurrency mining operations in the Siberia region of Russia ever since the major conflict between Russia and Ukraine broke out on February 24 of this … Read more
The catastrophic meltdown that occurred in the cryptocurrency market in May is still being investigated for its far-reaching consequences. Bitcoin mining company Stronghold disclosed yesterday in a quarterly earnings report that it had reached a deal with creditor New York Digital Investment Group (NYDIG) and another partaking broker to give back approximately 26,200 mining machinery … Read more
On August 8, 2022, Marathon Digital Holdings, Inc. made public its operational report for the month of July 2022, in which it disclosed that the cryptocurrency mining company had mined 707 bitcoins, representing a rise of 8% year-over-year in production for the second quarter of 2022. However, compared to the previous quarter’s total of 1,259 … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more