Mining


Markets

What Will It Take for Bitcoin Mining Companies to Survive in 2023?

Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t.

¿Qué les espera a las empresas de minería de bitcoin en 2023? (Alfieri/Getty Images)

Finance

Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain

Bitcoin miners had a rough 2022, showing “how to not build a mining business,” Industry experts, however, don’t see 2023 as any better, unless the market improve significantly.

El invierno cripto cambió la composición de los participantes de la industria. (Monicore/Pixabay)

Finance

BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan

BlackRock, which already was Core's largest shareholder, previously held $37.9 million of the miner's secured convertible notes.

BlackRock headquarters (Shutterstock)

Finance

Bitcoin Miner Bitfarms' CEO Resigns and Is Replaced by COO

Emiliano Grodzki, the outgoing CEO, co-founded the Canadian company in 2017.

El presidente de Bifarms, Geoff Morphy, fue promovido a CEO. (CoinDesk)

Finance

Argo Blockchain Suspends Trading in US Shares for 24 Hours

The company said earlier this month it was close to restructuring without having to declare bankruptcy.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Opinion

2023 Will Be the Death of Bitcoin Energy FUD

It's becoming increasingly difficult to ignore how green bitcoin mining can combat climate change.

Bitmain Antminer mining rigs at Consensus 2022 (Christie Harkin/CoinDesk)

Policy

British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations

This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities.

Vancouver, British Columbia (Alejandro Luengo/Unsplash, edited by CoinDesk)

Finance

Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report

A source told CNBC that bankruptcy proceedings would not impact operations.

Core Scientific facility in North Carolina. (Core Scientific)

Policy

Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry

Kazakhstan, one of the world’s largest bitcoin mining hubs, is working on new legislation for the industry.

Binance is on track to being able to operate in Kazakhstan. (Alexander Serzhantov/Unsplash)

Tech

Microsoft Bans Crypto Mining on Its Online Services Without Permission

Google has a similar policy in place and Amazon's AWS prohibits crypto mining during its 12-month free trial.

(Shutterstock)