Marathon in the previous month produced markedly little bitcoin per exahash, which can be partly attributed to downtime of its mining machines. In April, Marathon mined 50 bitcoin per exahash…
MIAMI BEACH, Florida – Bitcoin mining behemoth Marathon Digital Holdings (MARA) says it will match up to $500,000 in donations to non-profit Bitcoin research and development firm Brink, on a…
Despite disappointing earnings and its fair share of operational difficulties, the CEO of Canadian Hut 8 Mining (HUT) Jaime Leverton reassured investors. The miner's gigantic stack of bitcoin, at 9,133…
The new project – named Abu Dhabi Global Markets JV Entity (ADGM) – will first develop two mining sites with a combined capacity of 250 megawatts (MW) of mining power,…
The move comes as bitcoin miners have gone through a difficult year, with bitcoin prices sinking and higher energy prices driving up costs, which weighed on their profit margins. Marathon's…
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The restatements are not likely to have any impact on total margin, operating income or net income in 2021 or any of the quarterly 2022 results, said the company, which…
The miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the…
Marathon's plan initially, Schumacher said, was to draw on the term loan to pay down the credit line, but FTX's collapse and resulting market uncertainty forced a rethink, with the…
Outside of the lending activities, Silvergate also has highflying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) leverage program, which issues U.S. dollar loans using bitcoin…
