SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M
SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token…
Bitcoin miner GRIID makes NASDAQ debut after SPAC merger
GRIID begins trading on NASDAQ post-SPAC merger, enhancing market presence. NASDAQ debut follows a successful merger with Adit EdTech Acquisition Corp. GRIID’s listing underscores the growing integration of cryptocurrency firms…
Bitcoin miner Canaan’s mining revenue rose 43% in Q2
Canaan Inc. (NASDAQ: CAN) has released its Q2 financial report showing an increase in mining revenue. The Bitcoin miner’s total revenue rose to $73.9 million, increasing by 33.7% compared to…
Bitcoin miner Hut 8 revenue declined by $18.3 million in Q2
Hut 8 posted revenue of $14.3 million (19.2 Canadian Dollars), which had fallen $18.3 million during the quarter compared to Q1, 2023. The company mined 399 Bitcoin (BTC) but sold…
Bitcoin miner Marathon Digital reports a disappointing second quarter
Marathon Digital reports weaker-than-expected results for its fiscal Q2. CEO Fred Thiel was still positive in the press release on Tuesday. Marathon Digital stock is currently up more than 350%…
Solo Bitcoin miner beats the odds to win 6.25 BTC block reward
A solo Bitcoin miner earned the 6.25 BTC block reward after beating the odds to solve block 793607. The miner reportedly used an Antminer S9 with about 17 TH. At…
Miner earnings from Bitcoin fees decline 90% from peak of BRC-20 frenzy
Bitcoin miners’ revenue from fees dropped 90% since the BRC-20 peak, from $17.8 million daily to $1.7 million per day as of 29 May, 2023. However, current levels remain within…
Bitcoin miner stock CleanSpark has upside to $12, analyst says
H.C. Wainwright reiterates CleanSpark Inc its top pick for 2023. Analyst Mike Colonnese explained why in a research note today. CleanSpark stock is already up more than 50% for the…