Miners
Bitcoin Miner Producer Ebang Blames Coronavirus for 50% Slump in Revenue
Nasdaq-listed bitcoin miner manufacturer Ebang said the pandemic had disrupted its supply chain and led to a significant drop in revenue.
Bitcoin Miner Supply Sent to Exchanges Fell to 12-Month Lows in Q2 2020
Bitcoin miners, following the law of supply and demand, curtailed their supply to exchanges to the lowest level in 12 months during the second quarter.
Bitcoin Miners Saw 23% Revenue Drop in June
Bitcoin mining revenue dropped 23% in June to approximately $380 million.
Bitcoin Miner Hut 8 Closes Better-Than-Expected Equity Round at $6.1M
Hut 8 says its new funding is going towards increasing the bitcoin miner's total capacity by a fifth.
Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange
Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.
Outflow of Bitcoin From Miners at Lows Not Seen Since 2010
Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.
Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish
The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining.
Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO
Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.
Market Wrap: Bitcoin's Price Up 12% Since the Halving
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
