Cipher’s Bitcoin Mining Business Remains Compelling, Canaccord Says
The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.
Bitcoin Mining
Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says
The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.
The Coming Financialization of Hashrate Markets
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada.
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
Ionic Digital’s CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years.
Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s Estimates
The miner said its adjusted EBITDA swung to loss, compared to previous quarter’s profit.
Bitcoin Miner Riot Platforms’ Second-Quarter Loss Widens to $84.4M as Costs Surge
The company’s loss per share doubled to $0.32.
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
Investors can benefit by valuing miners’ assets as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.
Bitcoin Miner Marathon Buys $100M BTC, Will Once Again Adopt ‘Full HODL’ Strategy
The miner holds over 20,000 bitcoin and plans to buy more in the open market.