Glassnode data analyzed by CryptoSlate shows that Marathon, Hut8, and Riot built the top three largest Bitcoin (BTC) pools, while Bit Digital recorded a 134% growth in reserves in nine months. BTC miners in 2022 BTC miners entered the year 2022 with resources acquired through cheap debt in 2021. The majority of them invested these … Read more
Bitcoin’s fall from its all-time high to a low of $15,700 has been one of the most dominating narratives this year. Bitcoin lost 75% of its value since Nov. 10, 2020, and over 65% since the beginning of the year. However, a much more remarkable story than Bitcoin’s volatility is the divergence between its price … Read more
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on Sept. 30, according to a company statement. Source: Luxor Mining The BTC mining industry has seen significant fluctuations during this bear market — … Read more