hut 8 Archives - Cash Tech News

MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase

December 11, 2020cashtechnews

The bond sale underscores MicroStrategy’s conviction that Bitcoin is a generational investment opportunity. MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more Bitcoin (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset. The company confirmed Friday that it had […]

Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin

July 3, 2020cashtechnews

While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%. The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over […]

Goldbugs Better Buying Mining Stocks, Bitcoiners Can Stick to Bitcoin

May 27, 2020cashtechnews

Over the past year, stock in four major gold mining companies have averaged triple the returns of physical gold, whereas Bitcoin mining companies have tended to underperform Bitcoin. According to a May 26 tweet from a Messari researcher, goldbugs like Peter Schiff have been missing a trick. Over the past year, returns on stocks in […]

Galaxy Digital Secures Listing on Top Canadian Stock Exchange via Sandbox

May 15, 2020cashtechnews

Mike Novogratz’s Galaxy Digital has been accepted into the Toronto Stock Exchange’s sandbox, with hopes of graduating onto its senior platform after 12 months. Crypto venture capital firm and trading desk, Galaxy Digital Holdings, has been granted conditional approval to participate in the Toronto Stock Exchange’s TSX Sandbox. Announced during April last year, TSX’s sandbox […]

North America’s Largest Solar Bitcoin Mining Farm Coming to California

June 25, 2019cashtechnews

The Western Mojave plant will run 330 days a year and generate 10-13 megawatts of power. California-based mining company Plouton Mining will build North America’s largest solar-powered bitcoin mining farm, the company confirmed in a press release on June 25. Plouton, which is a subsidiary of Plouton Group Holding, says the site in Western Mojave […]

Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

June 7, 2019cashtechnews

Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin mining is powered by renewable energy. Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin (BTC) mining is powered by renewable energy in its bi-annual mining report published on June 5. The report also claims that “at current prices, the […]

Crypto Hedge Funds Saw 46% Loss in 2018 Bear Market, PwC Report Says

May 13, 2019cashtechnews

Findings by PwC and Elwood confirm the extent of the challenges, with bitcoin prices since decisively reversing. The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin […]

Japan’s GMO Internet Sees 45% Cryptocurrency Profit Dip for Q1 2019

May 10, 2019cashtechnews

The company has weathered the crypto winter despite its mining and exchange operations taking a hit. Japanese internet giant GMO Internet Group saw its cryptocurrency profits drop in Q1 2019 amid market weakness, Cointelegraph Japan reported, quoting a new statement on May 10. GMO, which in December 2018 withdrew from bitcoin miner production due to […]

Bitcoin Miner Hut 8 Reveals $136 Million Losses for 2018, Eyes Market Uptrend

May 8, 2019cashtechnews

The Canadian mining giant suffered during last year’s “crypto winter” but remains upbeat about the future. Canadian bitcoin (BTC) mining company Hut 8 made almost $50 million in revenue last year but triggered total losses of almost $140 million, according to an annual earnings report released on May 6. Hut 8, which counts itself as […]

Report: Crypto Miner Hut 8 Lays Off More Staff

April 4, 2019cashtechnews

Hut 8 crypto mining, which runs a joint venture in Alberta with Bitfury, has reportedly laid off more staff. Canadian Bitcoin (BTC) mining firm Hut 8 has reportedly laid off employees at its facilities in the province of Alberta, the Canadian Broadcasting Corporation (CBC) reports April 4. Hut 8’s crypto mining facilities in Drumheller and […]

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MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase

Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin

Goldbugs Better Buying Mining Stocks, Bitcoiners Can Stick to Bitcoin

Galaxy Digital Secures Listing on Top Canadian Stock Exchange via Sandbox

North America’s Largest Solar Bitcoin Mining Farm Coming to California

Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Crypto Hedge Funds Saw 46% Loss in 2018 Bear Market, PwC Report Says

Japan’s GMO Internet Sees 45% Cryptocurrency Profit Dip for Q1 2019

Bitcoin Miner Hut 8 Reveals $136 Million Losses for 2018, Eyes Market Uptrend

Report: Crypto Miner Hut 8 Lays Off More Staff

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