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November 8, 2022
Subscribe to Mining Memo |
Mining Market Update
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| Price |
$19,375 |
▼-6.5% |
| Hashrate |
267 EH/s |
▲1.5% |
| Difficulty |
36.8 T |
►0% |
| Revenue* |
$0.0687 |
▼29% |
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Four reasons this time is different for miners |
History rhymes, but it never repeats.
The adage holds true for the mining companies weathering the current Bitcoin bear market. For miners who have weathered previous bust cycles, many characteristics of the current mining market are familiar to them.
But the 2022 bear market is unique for several key reasons, including the number of publicly listed miners, increasing political pressure, expensive energy markets and a diversifying landscape of competitors. |
Continue reading here. |
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October brings more debt woes to miners who edge closer to bankruptcy
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Argo Blockchain, Core Scientific and Iris Energy all made headlines around debt repayment issues. We look at the month that was for these three miners.
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Interview: Jason Les CEO Riot Blockchain (RIOT)
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We sat down with Riot Blockchain's CEO to discuss Riot's current mining activity, future growth plans and market outlooks. |
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Get Tickets Today For The Texas Blockchain Summit!
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The Texas Blockchain Summit is back in Austin, Texas, Nov 17-18! The premier event will bring policymakers, Bitcoin miners, and recognized influencers to discuss Bitcoin, blockchain and crypto space. Get a ticket today using the code 'Compass20.' |
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Mining News Feed
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CoinDesk / Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans |
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Axios / Looking at bitcoin mining under the surface |
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CoinDesk / Bitcoin Mining Major Riot Blockchain Misses Analyst Estimates for Q3 Earnings |
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Return on investment (ROI) values appears to be hitting a point of resistance, forming a good approximation for miners to use building into a bear market.
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Alex DeCosta and David Yi of Aspen Creek Digital Corporation (ACDC) join to discuss their newest Texas facility. We talk about Compass Mining’s 27 MW deployment to ACDC, working with ERCOT and their energy first approach to mining.
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Watch on YouTube here.
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| Stronghold |
-1.85% |
$0.81 |
$28.80 |
| Ebang |
-2.81% |
$0.31 |
$2.38 |
| Greenidge |
-4.58% |
$0.80 |
$30.50 |
| Iris Energy |
-5.19% |
$2.63 |
$28.25 |
| Bit Digital |
6.30% |
$1.11 |
$12.55 |
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*As of Tuesday, November 1
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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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