Miner

Dubai: The over 7 per cent decline in ADX-listed Phoenix Group’s stock price on Wednesday (May 22) seems to have caught everyone by surprise – including the company. The crypto mining firm…

Bitcoin miner Hut 8’s (HUT) stack of more than 9,100 coins gives it substantial capital to pursue upcoming projects, broker Craig-Hallum said in a research report upgrading the stock to buy. The company’s bitcoin stash is worth about 75%…

Bitcoin prices have been trending lower in the past couple of weeks and generally remain within a bearish formation. Although momentum appears to be picking up, bulls are not out of the woods just yet. Analysts are not…

CleanSpark said its quarterly revenue rose 163% from year-earlier period.Its fiscal second quarter ended March 31, before the halving in April.The company had $700 million in cash and Bitcoin and 'virtually no debt.'Miner CleanSpark…

Marathon Digital (MARA), one of the largest bitcoin miners, missed consensus first-quarter revenue expectations due to operational challenges it faced during the quarter.The company mined just 2,811 bitcoin during the year's first three…

Bitcoin (BTC) mining firm Riot Platforms reported a $211.8 million net income for Q1 2024 — a company record and a 1,000% increase from the same time last year — but missed analyst revenue estimates.Riot’s first quarter results released…

Bitcoin (BTC) miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April. In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to…

NASDAQ-listed coal miner Alliance Resource Partners (ARLP) said in an earnings call that it has mined $30 million in bitcoin (BTC) using excess power at its facilities.“In the second half of 2020, we started mining bitcoin as a pilot…

A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin (BTC) block reward. On April 29, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to…

Bitcoin mining firm Marathon Digital has announced it is increasing its 2024 hash rate target from 35-37 exahashes per second to 50 EH/s, citing expanded capacity after recent acquisitions.“Given the amount of capacity we have available…