Argo, Bitfarms and More: November Monthly Numbers

Published: Tue, 12/13/22

December 12, 2022
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November monthly performance: Argo, Bitfarms, DMG and more

Bitcoin mining difficulty was relatively stable during November, increasing by just 0.1%–good news for Bitcoin miners who had witnessed a 17% increase the month before.

 

DMG Blockchain became this month’s top miner, producing 106 Bitcoin per EH/s, closely followed by Bitfarms (105.3 BTC) and Bit Digital (104.4 BTC). Hive Blockchain was not included in this month’s mining update due to a lack of transparency on the firm’s Bitcoin hodl, as opposed to previous months.

Continue reading here.

Mining News Feed

CoinDesk / Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts

 

CoinDesk / Bitcoin Miner Argo Blockchain Says It's Close to Restructuring Without Having to Declare Bankruptcy

 

CoinDesk / Crypto Miner Iris Energy Hit by Class-Action Suit

Chart of the Week

You can blame the Ethereum Merge for October's unfortunate rise in Bitcoin mining difficulty, maybe. Unplugged Ethereum ASICs were likely swapped for Bitcoin miners at many a facility, leading to an increase in hashrate.

(Source: Coin Metrics, Jameson Lopp)

In Part I of this two part episode, we are rejoined by mining analyst Anthony Power to discuss various mining stocks following the monthly disclosures from Bitfarms, Cleanspark and others.

Watch on YouTube here.

Mining Stock Snapshot

*As of Tuesday, December 13

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