Connect with us

Hi, what are you looking for?

Technology

Activities Of Bitcoin Mining Firms (June 03 2022)

Most Bitcoin mining companies ended the week on a low note.

Iris Energy’s stock fell by 9.40%, Core Scientific’s by 8.55% and Cipher Mining’s by 8.55%.

Riot announced after the markets closed on Thursday that it mined 466 BTC and sold about 250 BTC in May, generating net proceeds of approximately $7.5 million.

The company currently has a deployed fleet of 43,458 miners, with a hash rate capacity of 4.6 exahash per second.

Riot’s stock was down by about 9.61% at the end of Friday

Here’s how crypto mining companies performed on Friday, June 3:

Featured

Bitcoin

The crypto market is bracing for a potential surge as the U.S. presidential election nears, with experts offering bold predictions for Bitcoin’s price trajectory....

etf

The launch of new spot Bitcoin (CRYPTO: BTC) ETFs in January was a watershed event for the crypto industry. Arguably, it was Wall Street’s biggest new product...

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...