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Core Scientific Reports Yearly Revenue Decrease in Q4 2023, Net Losses Shrink

Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous year. Core Scientific said that it had successfully mined 19,274 BTC (valued at approximately $1.4 billion) during 2023 despite undergoing bankruptcy. Core Scientific Reports Revenue Fall According to the official press release, the decline in total revenue stemmed...

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US Treasury Probes $165M Crypto Transactions Linked to Hamas Support: Report

According to a recent report by the Wall Street Journal (WSJ), the U.S. Treasury Department is investigating $165 million worth of cryptocurrency transactions that might have supported Hamas, the Palestinian militant group. Deputy Treasury Secretary Adewale Adeyemo signed a letter revealing these findings based on examining suspicious activity reports submitted between January 2020 and October 2023. Treasury Deputy Pushes for Legislation Adeyemo’s letter, addressed to the...

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Helium Farm Allows Users to Start Helium Mining With Ease

[PRESS RELEASE – Tbilisi, Georgia, March 15th, 2024] In the ever-evolving digital landscape, Helium mining emerges as an opportunity for users looking to delve into the realm of cryptocurrency through a unique avenue: the Internet of Things (IoT). Helium Farm stands at the forefront of this innovative frontier, offering a chance to earn Helium (HNT) rewards while not maintaining any devices. What is Helium Mining ? Helium mining with Helium Farm introduces a seamless entry...

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Earn passive income in the blockchain with ARKMining cloud mining

Cloud mining is widely praised for its ease of use and is suitable for both expert traders and newcomers to the cryptocurrency world. Compared to the hands-on approach required for traditional mining, where equipment must be invested and managed, cloud mining is conducted through off-site data processing centers. Some of the main properties are highlighted below: Remote Mining: Cloud mining gives the ability to mine Bitcoin from any location around the world,...

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Daily Bitcoin Miner Revenue Reached New Peak Amid BTC Rall, Exceeding April 2021 Levels

Bitcoin mining earnings reached their highest-ever level recently, coinciding with the ongoing surge in the value of the leading crypto asset. According to the figures compiled by CryptoQuant, miners made a daily revenue of $78.6 million on March 7, surpassing the previous record set during the peak of the crypto boom in April 2021. Miners accrue income through both newly minted coins for verifying and recording transactions on the blockchain and through transaction fees paid...

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Bitcoin Mining Daily Revenue Reaches New Peak of Over $78M amid Macro Bullish Outlook

CoinspeakerBitcoin Mining Daily Revenue Reaches New Peak of Over $78M amid Macro Bullish Outlook Bitcoin miners, who are currently receiving 900 coins per day, have significantly benefited from the recent BTC spike above $72,000 for the first time in crypto history. Bitcoin Mining Daily Revenue Reaches New Peak of Over $78M amid Macro Bullish Outlook

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The Bitcoin Halving is Getting Near: Miners Need to Prepare, According to Fidelity

Fidelity Digital Assets have stated in a recent report that while Bitcoin (BTC) holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt. Notably, the halving event, expected on or around April 19, will reduce their earned Bitcoin by 50%. Bitcoin Miners’ Challenges as Halving Nears According to analyst Daniel Gray, miners must sustain their current hash rate, energy...

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Bitcoin Miners Earned $75.9 Million in Daily Revenue, Second-Highest in History

Amidst the market-wide rally, Bitcoin miners appear to be reaping substantial rewards. On March 6th, they earned a staggering $75.9 million in daily revenue marking the second-highest figure in the leading crypto asset’s history. This also represented a notable increase of 30.74% from the previous day and a remarkable surge of 293.1% compared to the same date one year ago. Record-Breaking Day for Bitcoin Miners As updated by Julio Moreno, head of research at CryptoQuant, this...

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Bitpanda feiert Bitcoin Halving mit sensationeller Gewinnspiel-Kampagne

Bitpanda Promotion zum Bitcoin-Halving In einer Welt, in der Kryptowährungen immer mehr an Bedeutung gewinnen, hat Bitpanda eine aufsehenerregende Kampagne gestartet, die nicht nur die Herzen der Krypto-Enthusiasten höherschlagen lässt, sondern auch Neulinge in den Bann der digitalen Währungen zieht. Anlässlich des bevorstehenden Bitcoin Halvings, einem Ereignis, das nur alle vier Jahre stattfindet und die Belohnung für das Bitcoin-Mining halbiert,...

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Marathon Digital Reports Revenue Increases of 452%

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put a bit of a damper on its plans, as did the SEC, who targeted the firm among a slew...

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