Bitcoin Miners Saw 7% Revenue Increase in July

Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial […]

Continue Reading

Why Debt Financing May Be a Double-Edged Sword for Bitfarms

Industrial-scale bitcoin mining is an extremely capital-intensive business. Debt financing can be an attractive way for raising the funds needed to purchase equipment without diluting ownership through equity financing. But the mining industry is volatile and loans generally feature high interest rates and strict collateral requirements, making it a double-edged sword for those that want […]

Continue Reading

First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish

Even as bitcoin prices languish below $10,000, North American cryptocurrency mining companies are tapping into a flurry of fresh financing from investors to pay for new equipment upgrades, bolstering the blockchain network’s resilience and reducing its reliance on Chinese operators.   More than $1 billion of new bitcoin-mining computers will be purchased for North American bitcoin […]

Continue Reading