Tag: marathon

Sep 23 2022

Bitcoin mining firm Compute North files for bankruptcy, CEO resigns

Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 creditors and has assets valued between $100 and $500 million. Compute North...

Sep 19 2022

Report: Bitcoin Mining Companies Spend Excessively On Administration Compared To Other Industries

Data shows the public Bitcoin mining companies have been spending more excessively on administration, compared to other industries like gold mining. Average Public Bitcoin Miner Spends 50% Revenues On Administrative Costs According to a new blog post by Arcane Research, most BTC miners have only focused on minimizing direct production costs, and neglected indirect expenses like administration. The...

Jul 06 2022

Will Marathon Digital Join Other Miners In Selling Bitcoin? CEO Weighs In

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a “HODL” strategy has permeated the industry as participants have opted to pay off expenses...

Jun 10 2022

Marathon Mined 47% Less Bitcoin Than Expected In May

Marathon has revealed that the mining company has produced 47% less Bitcoin than expected during this past month of May. Marathon's Bitcoin Mining Production Took A Hit Due To Power Issues Last Month Marathon Digital Holdings yesterday...

Jun 01 2022

Bear Market Outlook: Public Bitcoin Mining Companies And Their Profitability

As the market inches towards what looks to be a bear market, bitcoin investors are looking towards other blockchain avenues to weather what is expected to be a long winter. Public bitcoin miners are one of the avenues that grew to prominence through the bull rallies of 2021. The growth of the value of their stocks during this time had drawn investors to...

May 19 2022

Growth in US Bitcoin mining does not reflect in stocks performance

The US has become the dominant country for crypto mining, but that dominance isn’t reflected in the crypto mining stocks, which continue to perform poorly as the market plunges, Barrons reported....

May 12 2022

Analyst says crypto stocks performance is proof we are in bear market

Crypto analyst Caleb Franzen says that we’re currently in a bear market. The evidence of that is the performance of crypto-related equities, most of which have lost half of their value on the year-to-date metric. Crypto stocks decline Topping the list is...

Mar 15 2022

What Is Behind The Bitcoin Miner Expansion?

North America, and especially the United Estates, has become a top destination for the bitcoin mining industry. States such as Texas and Kentucky are racing to become the world's mining hub. Public bitcoin miners are planning on huge increases in hashrate in 2022, seeking to grow their bitcoin production. Bitcoin Mining Expansion A recent Arcane Research report...

Feb 10 2022

How Intel’s Entrance Can Change The Bitcoin Mining Landscape

With Intel set to present an ASIC geared for bitcoin mining later this month, how will the computing giant reshape the industry’s landscape?When news surfaced that one of the largest computer chip makers in the world, Intel, would give a presentation about an application-specific integrated circuit (ASIC) geared for bitcoin...

Jan 12 2022

Is It A Good Time To Buy Marathon Digital Stock?

Publicly-traded bitcoin miner Marathon Digital has seen its share price tumble along with bitcoin. So, does that make it a good buy?Bitcoin’s price has come down from all-time highs hit on November 10, 2021, and many of the publicly- traded bitcoin mining stocks saw their prices drop along with it. Marathon Digital Holdings (MARA) was no exception to this rule.Corporate GrowthIts...

Dec 23 2021

Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

Four publicly-traded bitcoin mining companies have outperformed the price of bitcoin since 2020 for a few key reasons.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Dec 01 2021

Bitcoin Miner Marathon Expands Compute North Hosting Deal To Over 100,000 Rigs

Under the new terms, Compute North will host over 100,000 of Marathon’s miners across the U.S., helping the firm’s operations become 77% carbon neutral.Marathon has expanded its May agreement with Compute North to accommodate more miners in different regions of the U.S.The infrastructure provider will now host and manage over 100,000 of Marathon’s bitcoin miners.Upon full deployment,...

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

Nov 17 2021

Public Bitcoin Miners Are Increasing Their BTC Treasuries

Publicly-traded bitcoin mining firms have been accumulating and holding bitcoin at an increasing rate.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe...

Oct 08 2021

Aug 21 2021

Is MIT ChainAnchor Still Relevant? This Bitcoin Technical Expert Thinks So

Why does a seemingly abandoned MIT project from 2016 still matter in 2021? Because MIT ChainAnchor serves as a model for future attacks to the Bitcoin blockchain. A decentralized, permissionless, and uncensorable network is a threat to the status quo. The value and freedom that Bitcoin brings to the world comes at the expense of those who want the population poor, scared, and...

Aug 10 2021

Fidelity Buys 7.4% Stake In Bitcoin Miner Marathon

Mutual fund giant Fidelity has purchased 7.4% of bitcoin mining company Marathon Digital Holdings to be spread across multiple funds. ​Multinational financial services corporation Fidelity Investments purchased a 7.4% stake in Marathon Digital Holdings, a prominent bitcoin mining operator in North America, reported...

Aug 06 2021

Publicly-Traded Bitcoin Miners Continue To Outperform

Shares of publicly-traded bitcoin mining companies continue to outperform, with many of them up big this week.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now....

Aug 02 2021

Jun 01 2021

Crypto Exchange Volume Hits ATH in May

June 1, 2021 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ Singapore’s DBS bank priced its first...

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