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“Stronghold believes its liquidity position, combined with expected operating cash flow, will be sufficient to meet all existing commitments and fund operations,” the company said in a statement. “The Company also believes that incremental liquidity can be created through proceeds related to Bitcoin miner fleet management and optimization, including potential
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Despite the news, shares of the miner were up in after-hours trading. Original Source
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Australian bitcoin (BTC) miner Iris Energy (IREN) remains on track for 15 exahash per second (EH/s) in hashrate – 10 EH/s of that by early 2023 – but its fiscal third-quarter revenue of $15.2 million was shy of the analyst consensus forecast of $16 million. Original Source
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The company funded its growth and capital expenditure plans with the sale of mined bitcoin. Original Source
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The payments firm formerly known as Square said it didn’t record any bitcoin impairment charges in the quarter. Original Source
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Marathon Digital (MARA), one of the largest publicly traded bitcoin (BTC) mining companies, reported first-quarter sales of $51.7 million, rising 465% from the year-ago quarter and just ahead of the consensus analyst estimate of $51.5 million, according to FactSet data. Original Source
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According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by
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The miner also reiterated its 2022 hashrate expectations. Source
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U.S. President Joe Biden released his 2023 budget proposal on Monday, and in it, his administration is seeking to modernize rules around digital assets that it says would generate an additional $11 billion in revenues by 2032, as well as expand the Department of Justice’s ability to counter cyber threats
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