Mining
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices.
Bitcoin Miner Marathon Digital Targets Trimmed by Cowen
The bank did lift its share price target to $9, but that remains below the stock's current level of about $14.
House Lawmakers Send Letters to 4 US Crypto Miners Asking for Details on Environmental Impact
Core Scientific, Riot Blockchain, Marathon Digital and Stronghold Digital received the letters from members of the Committee on Energy and Commerce.
Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.
Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions
The company also posted an impairment charge of $99.8 million on its bitcoin holdings.
Miner Chandler Guo Repeats Support for Ethereum Fork Post-Merge
Guo told CoinDesk TV he wants to create a new proof-of-work blockchain to help miners.
![“A lot of people [miners] are suffering,” Chandler Guo, an ethereum miner, said on CoinDesk TV's "First Mover." (CoinDesk TV, modified)](https://cryptonewz.pages.dev/crypto-news-coindesk.com/_next/image?url=https%3a%2f%2fcdn.sanity.io%2fimages%2fs3y3vcno%2fproduction%2f1502ed9d7323e0f86a2e5126c20b470110dfd13b-1440x1080.jpg%3fauto%3dformat&w=1080&q=75)
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
The company's North Dakota site was knocked offline in July due to an equipment failure in the substation feeding it power.
Crypto Miner Core Scientific Cuts 10% of Staff, Keeps Hashrate Projection
The company also took a $840 million accounting charge to write down the value of its assets.
Energy Web Token Jumps 25% After BlackRock Gives Decarbonization Project a Shoutout
The nonprofit that issues the coin received praise from BlackRock for trying to reduce bitcoin mining emissions.
Hut 8's Q2 Loss Widens to $69M, Continues to 'Hodl' Bitcoin
The lower price of bitcoin and higher power costs hurt the results.
