In addition to the guidance cut, CleanSpark said that its fourth-quarter revenue rose 235% compared to the same period last year. Meanwhile, its net loss widened by 683% year over…
At these “depressed profitability levels, even miners using energy-efficient machines like the Antminer S19j Pro need access to electricity priced lower than $0.08 per kWh,” said Jaran Mellerud, an analyst…
Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and…
Argo’s revenue from mining in the first half of the year was $32.5 million, down 14% from the same period last year, mainly due to lower bitcoin prices and an…
According to a recent report, Blockchain.com has arranged off 1 / 4 of the company’s employees and it’s closed the crypto company’s Argentina-based offices furthermore. The layoffs follow the report…
The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and…
