Tag: Greenidge
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.
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The Bitcoin Mining Debate Is Ignoring the People Most Affected
New York, along with Texas, has become a hotspot for that debate, and Greenidge has become an unlikely poster child. Though other mining facilities,...
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...
Beleaguered Bitcoin Miner Greenidge Inks Deal with Core Scientific
Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with...
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....
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin mining stocks usually follow BTC’s price because it directly influences the company's earnings. These stocks were beaten down heavily in the last quarter...
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...