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BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the first quarter ended March 31, 2022. Cryptocurrency Business Progress BIT Mining is a leading technology-driven cryptocurrency mining company with three primary business segments covering self-mining, mining pool and data center operation. The Company is pursuing its development strategy to focus on cryptocurrency mining operations globally. As of today, the...
The global crypto mining industry has been steadily rising over the past few years and is projected by most experts to continue its rapid growth over the next several years. A report from ResearchAndMarkets reported that The global cryptocurrency market reached a value of US$ 1,782 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 32,420 Billion by 2027, exhibiting a CAGR of 58.4% during 2022-2027. The report said: “Cryptocurrency refers to digital or virtual money secured...
The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday. Some facilities shut down while many will ramp down in the afternoons this weekend when power is in high demand but then turn back on overnight when demand subsides. “In addition to bringing jobs and tax revenue to rural areas of Texas, many of which are...
– We are on track as the company eCommerce Revenue Run Rate Increased from $10 Million to Over $36 Million with the recent Acquisition – First Revenue Contribution from Bitcoin Mining Operations to be Recognized in the First Quarter as we started mining at the end of 2021 The OLB Group, Inc. (NASDAQ:OLB) a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, issued the following open letter to shareholders today from Ronny Yakov,...
TeraWulf Appoints Michael Bucella to its Board
March 4, 20225 min
TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, today announced the appointment of Michael Bucella to its Board of Directors, effective immediately. Michael Bucella brings technology and crypto experience to the Board of Directors and currently serves as a partner and the Global Head of Strategic Partnerships and Business Development at BlockTower Capital, a leading institutional cryptocurrency investment firm. Prior to joining...
Blockchain Technology Transforming Metals & Mining Supply Chains
November 19, 202110 min
FN Media Group Presents Microsmallcap.com Market Commentary
Crypto Miners Adapt to the Quickly Shifting Market Landscape
October 8, 202116 min
The price of Bitcoin was once again above the USD 50,000 mark after Bank of America Corp. strategists announced support for crypto as a new asset class. As reported by Bloomberg, with its latest rally, Bitcoin has broken through two key resistance levels and is now trading at the higher end of its two-month-long consolidation range, according to a report from Arcane Research. The coin hovered around USD 45,000 for a while before finally breaking out. That means the USD...
Cryptocurrency Miners Relocate to the U.S.
August 6, 202112 min
The cryptocurrency market is complex, and at this point relies on the progression of technology and software, but political decisions will also play an important role in its future. For example, China’s crackdown on crypto mining had sent prices tumbling initially, but recovery has since started, and miners have begun to look for viable alternatives. Many have already, or are in the process, of relocating to Texas. The state also seems to provide a possible solution to the...
Recently, the price of Bitcoin dropped after orders by local authorities to halt mining in Southwest China’s Sichuan Province came late last week, resulting in the shutdown of numerous Bitcoin mines. According to a report from Global Times (China’s national English language newspaper) the ban means that more than 90% of China’s Bitcoin mining capacity is estimated to be shut down, at least for the short term, as regulators across the country have taken similar harsh steps. Now, as a result...