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Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter



Time:8/16/2022 12:27:10 PM

[Bitcoin miner Bitfarms had a net loss of US$142 million in the second quarter] Jinse Finance reported that the bitcoin miner Bitfarms had a net loss of US$142 million in the second quarter, which was lower than the net income of US$5 million in the previous quarter. The company also increased its hash rate by 33% to 3.6 exahash per second (EH/s) during the quarter. Despite a sharp drop in the value of bitcoin during the quarter, Bitfarms reported a 5% increase in revenue to $42 million.

Other news:

Bitcoin miner Core Scientific signed a $100 million equity investment agreement with investment bank B. purchase agreement, the investment is subject to certain restrictions and the satisfaction of certain conditions, and notice of the purchase may be sent to B. Riley within 24 months. Core Scientific has issued 573,381 common shares as consideration for B. Riley's commitment to purchase Core Scientific common stock pursuant to the Purchase Agreement. (U.S. SEC official website) [2022/7/22 2:30:20]

Tom Lee: The first Bitcoin futures ETF will push Bitcoin past $100,000: Jinse Finance reported that Fundstrat founder Tom Lee said on Monday that the arrival of the first Bitcoin futures ETF should improve the already bullish environment for cryptocurrencies. He believes that a new bitcoin futures ETF could push bitcoin past $100,000. [2021/10/19 20:38:24]

Dynamics | SegWit payment accounted for a new high or related to the increase in Bitcoin transaction fees and the decrease in Verblock usage: Bitcoin’s median transaction fee denominated in US dollars broke through several months of stagnation for the first time in April, which is around $0.10. But for the vast majority of April, transaction fees remained below $1.00. Bitcoin transaction fees rose sharply in May, from $0.54 on May 1 to $2.36 on May 31. The proportion of SegWit-enabled Bitcoin payments also rose from 40.41% on May 1 to 45.71% on May 18. As of the week, SegWit payments continued to climb steadily to new all-time highs, while the percentage of Bitcoin transactions supporting SegWit also rose from 35% to 41%. This small amount of data may lead some to believe that higher transaction fees are causing Bitcoin users to seek out SegWit-enabled wallets, but there is another key factor to consider, and that is VeriBlock. It is reported that VeriBlock is a project based on the Bitcoin blockchain, which aims to provide a higher level of security for alternative chains. According to Veriblock’s network stats page, as SegWit payments are near all-time highs, the percentage of Veriblock transactions is below 10% at the time of writing. It’s worth noting that the rise in the proportion of SegWit payments since the increase in transaction fees somewhat approximates the decline in VeriBlock’s share of daily Bitcoin transactions. (Coin Metrics)[2019/7/27]

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