1. In 2022, Core Scientific ($CORZ), Riot Blockchain ($RIOT), Bitfarms ($BITF), Iris Energy ($IREN), and CleanSpark ($CLSK) traded down 99%, 85%, 91%, 92% and 79%, respectively. Mining bitcoin became less profitable as hashrate stubbornly trudged upward while bitcoin’s price tumbled and mining companies’ treasury management strategies failed.(CoinDesk)
Global Crypto Mining News (Jan 2 to Jan 8)
Global Crypto Mining News (Jan 2 to Jan 8)
Global Crypto Mining News (Jan 2 to Jan 8)
1. In 2022, Core Scientific ($CORZ), Riot Blockchain ($RIOT), Bitfarms ($BITF), Iris Energy ($IREN), and CleanSpark ($CLSK) traded down 99%, 85%, 91%, 92% and 79%, respectively. Mining bitcoin became less profitable as hashrate stubbornly trudged upward while bitcoin’s price tumbled and mining companies’ treasury management strategies failed.(CoinDesk)