Breaks Categories: News

MondayAug 08, 2022 1:07 pm

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues July 2022 Production Update

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited bitcoin and ethereum production and corporate updates for the month of July 2022. According to the update, the company earned 142.5 bitcoins in July 2022, reflecting an 111% increase compared to the prior month. In addition, the company earned 0.5 ETH during July 2022 compared to 0.0 in the month ending June 30, 2022. On July 31, 2022, treasury holdings of BTC and ETH were 889.1 and 2,176.9, with a fair market value of approximately $20.7 million and $3.7 million, respectively. Also, as…

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FridayAug 05, 2022 12:04 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Production Update for July 2022

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) has announced statistics for its global Bitcoin and Ethereum mining operations July 2022; the company is reporting a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of Aug. 4, 2022. Highlights of the update include that the company produced 279.9 BTC in July, with 2.2 Exahash of Bitcoin mining capacity at beginning of July, which increased to 2.26 Exahash of Bitcoin mining capacity during the month, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity. In addition, HIVE noted that 2,957 ETH was produced during the month…

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WednesdayAug 03, 2022 12:29 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Scheduled Release of Q2 2022 Financial Results, Conference Call

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced plans to report its financial results for the second quarter ended June 30, 2022, before the U.S. market opens on Aug. 18, 2022. On the same day at 8:00 a.m. ET, the company’s management team will hold a conference call to discuss the results. Interested parties should visit https://ccw.fm/lm3V3 to complete the online registration process in advance of the call. Upon registering, each participant will receive a set of dial-in numbers and a unique access PIN, which can be used to join the call. A live and archived webcast…

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WednesdayAug 03, 2022 12:16 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Releases July 2022 Updates on Productions, Operations

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, has released its July 2022 production and operations report. According to the report, during the month of July, Riot produced 318 BTC, a 28% decrease from the company’s July 2021 production of 443 BTC, and earned approximately $9.5 million in power credits as a result of curtailment activity; those power credits equate to approximately 439 BTC. The company also reported that it held some 6,696 BTC, all produced by Riot’s self-mining operations. In addition, the company sold 275 BTC, which generated approximately $5.6 million in net proceeds. The…

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WednesdayAug 03, 2022 11:39 am

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Further Diversifies Hosting Portfolio with Primarily Hydro-Powered Site

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced that it has finalized an agreement for 5 megawatts of incremental hosting capacity to power its miners. The facility is located in Canada and utilizes a primarily hydro-power operated energy source. Currently powering approximately 650 of the company’s miners, the facility is expected to accommodate 1,500 units over the coming months. “We are pleased to further diversify our hosting portfolio with this primarily hydro-powered site,” said Bit Digital’s CEO Bryan Bullett. “We continue to believe that a diversity of hosting sites mitigates risk and enhances…

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TuesdayAug 02, 2022 12:27 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Expands Credit Facilities to Add Capacity, Optionality in Financing Future Growth

Marathon Digital Holdings (NASDAQ: MARA) is a leader in supporting and securing the bitcoin ecosystem. The company has expanded its credit facilities with Silvergate Bank, the leading provider of innovative financial infrastructure solutions to the digital currency industry, by refinancing its existing $100 million revolving line of credit and adding an additional $100 million term loan on July 28. “We are pleased to be closing on these debt facilities and believe that the combination of a term loan and revolver provide Marathon with exceptional flexibility as to our funding options,” said Hugh Gallagher, Marathon’s CFO. “With these facilities in place,…

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FridayJul 29, 2022 12:20 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces Q2 2022 Earnings Conference Call

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, will be releasing its financial results on Monday, Aug. 8, and has scheduled an earnings call for that same day, to begin at 4:30 p.m. ET. The financial report will be released prior to the call and will be available on the company website, in the investor relations section.  Financial results will be published in a press release prior to the call and available on the investor relations section of the company’s website. MARA will use a new Q&A platform for the call designed to enhance the…

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FridayJul 29, 2022 10:58 am

CryptoNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Schedules Q2 2022 Earnings Release, Conference Call

Stronghold (NASDAQ: SDIG) has announced that it will host a conference call at 5:00 p.m. ET on Thursday, Aug. 11, to discuss its operations and financial results for the second quarter ended June 30, 2022. According to the update, a press release detailing the results will be issued after the close of trading on the same day. The call will feature prepared remarks by Stronghold management, followed by a question-and-answer period. Interested parties may join the conference call by dialing 1-646-307-1963 (U.S.) or 1-800-715-9871 (international) and entering conference ID: 4275661. The event will be broadcast live and available for replay…

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TuesdayJul 26, 2022 3:14 pm

CryptoNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) File Form S-4 Merger Registration and Joint Proxy Statement

Tingo (OTC: TMNA) and MICT (NASDAQ: MICT) today announced that they have filed a registration and joint proxy statement with the Securities and Exchange Commission (“SEC”) in connection with their anticipated merger. According to the update, the merger is expected to create a >$1.0 billion annualized revenue and highly profitable fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. The SEC will now review the submission and, following its review and the registration statement being declared effective, shareholders of each company will have the ability to approve the merger. Upon approval of stockholders and…

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TuesdayJul 26, 2022 1:09 pm

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Completes Sale of Shares of Loto Interactive

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced that it has completed its sale of 279,673,200 shares of Loto Interactive Limited. The shares sold at the price of HK$0.28 each for a total consideration of HK$78,308,496 in cash (the “transaction”). According to the update, BIT Mining’s ownership of Loto Interactive decreased to 8.79% upon completion of the transaction. To view the full press release, visit https://ccw.fm/BFXNK About BIT Mining Limited BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining…

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