The Bitcoin “halving” was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor’s Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected
The delays are impairing the miner’s hashrate and bitcoin production.
Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena
Thursday’s reported first-quarter earnings from miners were a mixed bag.
Hut 8’s Alberta Bitcoin Mine Running at 15% Installed Hashrate Due to Electrical Issues
The firm has been facing operational issues as it tries to complete a merger with U.S. Bitcoin Corp.
U.S. Bitcoin Corp. Expected to Settle With City to Resume Mining in Niagara Falls
The firm is currently trying to complete a merger with Canadian Hut 8 Mining.
Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $26K
Bitcoin’s price is up 6% over the last 24 hours.
Crypto Winter Ends Era of Bitcoin Mining ‘HODLers’
Bitcoin miners are no longer able or willing to hold onto all of their mined digital assets indefinitely.
Hut 8 Mining’s Shares to Be Listed on Nasdaq
Hut 8 will also retain its listing on the Toronto Stock Exchange.
Bitfury to Sell Its 38% Stake in Bitcoin Miner Hut 8
Bitfury current holds 37.2 million shares of Hut 8.
Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase
Hut 8 mining revenue has fallen for 5 consecutive quarters.
Hut 8 Appoints Jaime Leverton as CEO
Interim CEO Jimmy Vaiopoulos will return to his role as CFO.
Hut 8 Plans $7.5M Offering to Upgrade Bitcoin Mining Rigs
Hut 8 Mining is looking to raise at least $7.5 million to upgrade its fleet of BlockBox bitcoin miners.
Hut 8 Mining Revenue Continues Decline in Q1
Hut 8’s Q1 2020 earnings fell, pulled lower by falling revenue, decreased EBITDA and increased collateral requirements.
Hut 8: The Struggles of One of Canada’s Largest Miners
CoinDesk Research presents an in-depth look into one of the largest publicly listed mining companies, Hut 8. The upcoming halving will impact mining operations everywhere – we look at Hut 8’s financials and operations to get a feel for what lies ahead.
In Canada They’re ‘Essential,’ In Argentina They’re Shut Down: Bitcoin Miners Reckon With COVID-19
Here’s how the “Great Lockdown” is redrawing the bitcoin mining landscape. The halving and economic crisis may be priced-in – but local politics aren’t.
Bitfury-Backed Group Mined 800 Bitcoins in Q1
Hut 8 Mining Group raised $70 million CAD to invest in mining machines, and mined 828 bitcoins in the first quarter of 2018.
UNICEF Is Mining Crypto to Raise Funds for Children
UNICEF Australia has launched a website that harness supporters’ computers to raise donations via cryptocurrency mining.
Bitfury-Backed Bitcoin Miner Secures Canadian Land Deal
Bitfury-backed Hut 8 Mining Corp has secured a new headquarters in Canada’s Alberta province.