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Tag: Greenidge Generation

Shares Of Publicly Traded Crypto Mining Companies Experience A Recovery

Following a dynamic period of activity in the crypto market on Friday, shares of publicly traded mining companies have recovered from their recent decline.  In...

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Market Analysis Report (03 May 2023)

In a bid to address the societal and environmental impacts of cryptocurrency mining, President Joe Biden's administration is proposing a targeted tax on the...

Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry

The recovery of Bitcoin prices since the start of the year has brought some breathing space to the companies that mine the world’s largest...

Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high

Bitcoin’s mining difficulty edged down 0.5% in the two weeks through Sunday after hitting an all-time high in the previous adjustment, according to data...

Bitcoin miners as energy buyers, explained

To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable energy...

Bitcoin Miners Hut 8, US Bitcoin Corp to Merge in All-Stock Deal

Major Bitcoin miners Hut 8 Mining and U.S. Bitcoin Corp today announced a merger which will bring the two companies together to create a...

Markets: Bitcoin stays above US$23,000; Cardano leads gains in top 10 cryptos

Bitcoin traded above US$23,000 throughout Wednesday afternoon trading in Asia, while Ethereum and other top 10 non-stablecoin cryptocurrencies were mixed. Cardano led gains with...

Greenidge Reduces Debt with NYDIG

The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has...

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs....

Argo Blockchain Lawsuit Alleges Bitcoin Miner ‘Misrepresented’ Pre-IPO Finances

Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm...

Bitcoin Mining 2022 Review: A Tough Year for Public Miners

The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022.  The analysis examines...

Crypto Mining Firm Greenidge Generation Hints at Potential Bankruptcy

Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy...

Bitcoin miner revenue down 37.5% in 2022 YoY

Bitcoin mining revenue was down to $9.55 billion in 2022 from $15.3 billion in 2021 – a 37.5% decline.Since the peak...

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