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…
Kuwait bans all crypto activities including mining
After the July 19 circular, it is illegal to engage in any cryptocurrency activities in Kuwait. Kuwait has joined Thailand, Indonesia, and Turkey to ban crypto activities. Violators are to…
EOS EVM v0.5.0 launches, bringing Yield+ Liquidity mining to EOS
EOS Network Foundation announces launch of EOS EVM v0.50, first major update of EOS EVM. The update will enable new yield farming opportunities for DeFi investors. EOS EVM v0.50 also…
Merov Introduces a Suite of Services for the Bitcoin Mining Industry
Salem, Oregon, May 15th, 2023, Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes…
Hut 8 Mining stock down on a big hit to Q1 revenue: buy the dip?
Hut 8 Mining reports a 64% year-on-year hit to revenue in its Q1. Craig-Hallum analyst sees downside in “HUT” to C$2.0 a share. Hut 8 Mining stock is now down…
Why did bitcoin mining stocks end down on Monday?
Bitcoin mining stocks declined in line with the bitcoin price today. U.S. dollar strength pushed BTC under $30,000 again on Monday. DXY climbed today on the back of Empire State…
Hut 8 Mining swings to adjusted EBITDA loss in its fiscal Q4
Hut 8 Mining reports disappointing results for its fiscal Q4. Digital assets mined this quarter was also down year-on-year. Wall Street currently has a consensus overweight rating on HUT. Hut…
Are BTC mining stocks still a good bet after inflation ticked up in January?
U.S. consumer prices were up a more than expected 6.4% in January. Bitcoin mining stocks still gained near 20% in the week ended Feb 19th. Mike Colonnese reiterated his bullish…
Bankrupt BlockFi plans to sell $160M Bitcoin mining hardware loans
BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part…
Bitcoin mining difficulty falls 7.3%, largest since July 2021
Bitcoin’s mining difficulty fell by 7.32% over the past two weeks, the largest negative adjustment in almost 18 months. Mining difficulty adjusts every 2,016 blocks or roughly two weeks and…