Mining
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin mining companies have a total of $4 billion in liabilities, with Core Scientific leading at $1.3 billion.
Josh O'Sullivan 2 min read
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Crypto
Russia’s crypto mining bill could be finalized in January 2023
The crypto mining bill would legalize crypto mining and allow miners to sell mined crypto within and outside Russia.
Mining
Bitcoin miners increased hash rate and production despite falling BTC prices in 2022
While some miners had bought BTC at the beginning of the year, they were forced to eventually sell them off to maintain operations.
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Analysis
CleanSpark mined 3,750 BTC in FY’22, BTC reserves down 40% since January
The company also announced tripling its hash rate and recording a 235% increase in revenue.
Mining
Canada’s western province, BC, will block new cryptocurrency miners
British Columbia will impose a targeted 18-month ban on electricity connections.
Mining
Germany-based Bitcoin miner Northern Data forecasts €190M revenue for 2022
According to Northern Data's estimates, revenue for 2022 will be €189.9 million ($194.934 million).
Mining
Research: BTC is now cheaper than the all-in-sustaining cost of mining BTC
The current cost of mining one Bitcoin is $18,800, whereas the cost of one Bitcoin currently stands at $16,5771.8.
Mining
Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
Despite reports of the bankruptcy filing, Yahoo Finance data showed that Core Scientific stocks grew by 3% at the close of the trading market on Dec. 20.
Bankruptcy
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Greenidge Generation Holdings is restructuring a significant portion of its debt with NYDIG ABL and will provide hosting services.
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Mining
Bitcoin mining difficulty to end year rising by 3%
Research
Research: Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing
Bankruptcy
Argo blockchain requests trading be restored on LSE, looks to raise funds
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