Bitcoin miner Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded from buy to neutral by Wall Street investment bank DA Davison as crypto winter continues to weigh heavily on the profitability of the miners, … Read more
Bitcoin miner Merkle Standard, which has a joint venture with Bitmain, one of the world’s largest bitcoin mining rig manufacturers, increased its total computing power or hashrate to 3.1 exahash (EH/s) from about 0.3 EH/s over … Read more
Bitcoin (BTC) miner Bitfarms (BITF) started production in Argentina, increasing its computing power, or hashrate, to 4.1 exahash/second (EH/s). The Canadian miner added 10 megawatts (MW) of power capacity to its portfolio, but it aims … Read more
Bitcoin miner CleanSpark (CLSK) has purchased 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts, a significant markdown from the manufacturer’s listed price. The mining rigs were purchased from hardware broker … Read more
Singapore-based bitcoin miner SAI.TECH (SAI) has terminated the remainder of its plans to expand into Kazakhstan, according to an SEC filing. The scrapped plans involved a second phase of 90MW power supply cooperation in Kazakhstan, which … Read more
Levered Bets on Bitcoin Go Both Ways Good news for an underlying commodity tends to be even better news for companies that mine it, all else equal, thanks to their inherent operational leverage. Frank Holmes … Read more