Bitcoin miner

A Bitcoin miner is composed of ASIC (Application-Specific Integrated Circuit) m

On March 14, Argo Blockchain, a Bitcoin miner, said that one of its subsidiaries had cash deposits in Signature Bank, but these deposits were safe and usable. The company added that Argo and its subsidiaries had no exposure to Silicon Valley Bank or Silvergate. （Proactive Investors） Interpretation of this information: Argo Blockchain has recently announced that one of its subsidiaries had cash deposits in Signature Bank. It also clarified that the deposits were safe and usable. This statement comes amidst the recent trend of digital attacks targeting cryptocurrency miners and…

It is reported that Hut 8, a North American Bitcoin miner, had a conversation with investors on Thursday morning after releasing the fourth quarter and 2022 full-year results. When Hut 8 Mining (HUT) tried to merge with Bitcoin, the operation problems of its entire Bitcoin mine were putting pressure on it. Interpretation of this information: The news reported that Hut 8, a Bitcoin miner in North America, had a conversation with investors on Thursday morning after releasing its fourth quarter and full-year 2022 results. The company has been facing some…

It is reported that Hut 8, a North American bitcoin miner, reported an annual revenue of $150.7 million ($109 million) in 2022, a decrease of $23.1 million compared with the previous year. But its Bitcoin holdings increased by 65%. Interpretation of this information: Hut 8, a prominent Bitcoin miner in North America, has reported a reduction in revenue in its 2022 annual report. The company disclosed $150.7 million in revenue, a decline of $23.1 million compared to its previous year’s revenue. At the same time, the company’s Bitcoin holdings surged…