Cryptocurrency Analysis and News Portal
“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
Read More
Despite the news, shares of the miner were up in after-hours trading. Original Source
Read More
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
Read More
The miner reiterates its hashrate guidance of 12.8 EH/s Source
Read More
U.S. crypto exchange Coinbase posted trading volumes of $TK billion. Source
Read More
The payments firm formerly known as Square said it didn’t record any bitcoin impairment charges in the quarter. Original Source
Read More
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners in North America, reported fourth-quarter revenue of $60.3 million, an increase of 17% from the previous quarter but slightly below analysts' average estimate of $60.9 million, according to FactSet data. Original Source
Read More
Non-GAAP (generally accepted accounting principles) income excludes the impact of depreciation and amortization of fixed assets, impairment losses on mined cryptocurrency, server maintenance contract amortization and stock compensation expense. The metric includes the change in fair value of the Marathon Digital’s investment fund, which purchased 4,812.66 BTC for about $150
Read More
“Powell made it clear we’re right on the edge,” said former Federal Reserve economist Claudia Sahm. A jobs gain of “200,000 or more will push them to ‘further substantial progress,’” a phrase that Powell has used to describe the precondition for tapering. Original Source
Read More
Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
Read More