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August 6, 2022
Subscribe to Mining Memo
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Mining Market Update
August 1-5
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| Price |
$22,975 |
▼-2% |
| Hashrate |
208 EH/s |
▲12% |
| Difficulty |
28.22 T |
▲2% |
| Revenue* |
$0.0921 |
▼-14% |
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Miners face millions in debt payments as revenue dries up
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Bitcoin mining is a capital intensive business, a fact many miners curiously forgot about during the glorious bull run.
We take a look at three public miners–Argo Blockchain, Bitfarms and Greenidge Mining–and assess their various debt obligations, based on public disclosures.
(Hint: it's a lot of money). |
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Click here to continue reading
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Foundry Announces Foundry Academy to Train Technicians for Bitcoin Mining Industry
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The future of digital asset mining calls for top technical talent. As the premiere training program for professional Mining Technicians, Foundry Academy answers. The next one week course runs September 12-17 in Rochester, NY.
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In The Headlines
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Gizmodo / Texas Bitcoin Miner Made Millions More in Power Credits Than Actually Selling Bitcoin
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Decrypt / Core Scientific Sold More Bitcoin Than It Mined for Second Consecutive Month
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BitMEX
Research / ETHPoW vs ETH2
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Hashrate Index / Bitmain Reprices S19 XP Order: Here’s How Much Bitcoin Miners are Saving
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Hashrate Roundup
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Colin Harper of Hashrate Index joins the Compass Podcast to talk about Bitcoin's stagnant hashrate, state-by-state electrical costs, ASIC rig prices and more from Hashrate Index's H1 2022 Bitcoin mining report.
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2022 Mining Operations Summer Update
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The heat remains as August rolls in. Check out Compass Mining's Summer 2022 outlook from our operations director, Neil Galloway. Read about facility temperatures, chip cooling and curtailment expectations from an industry vet.
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| Core Scientific |
$2.90 |
▲20% |
▼-72% |
| Ebang |
$0.57 |
▲20% |
▼-46% |
| Iris Energy |
$4.74 |
▲17% |
▼-69% |
| Marathon |
$14.14 |
▲15% |
▼-57% |
| Bitfarms |
$1.62 |
▲15% |
▼-68% |
| Hut 8 |
$2.38 |
▲14% |
▼-69% |
| Riot |
$8.26 |
▲13% |
▼-64% |
| Hive |
$5.03 |
▲10% |
▼-63% |
| Bit Digital |
$1.55 |
▲7% |
▼-75% |
| Cleanspark |
$4.64 |
▲6% |
▼-52% |
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About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.
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