December's Mining Numbers, Bear Market Rebrands and News Roundup

Published: Tue, 01/10/23

January 10, 2023
Subscribe to Mining Memo

The worst of Bitcoin mining in 2022

December proved to be a busy month for Bitcoin miners, holidays notwithstanding. Bitcoin’s price fell 3.6% during December, from $17,168 to $16,547. Miners were cushioned by this continued price pressure by a favorable 7.3% decrease in mining difficulty, finishing the month 4.3% lower than the previous month.

 

DMG Blockchain (DMGI) continued their good November performance and ended 2022 by having the highest monthly performance by a miner in terms of production by operational EH/s, for December too. They successfully mined 100 BTC in a calendar month for the first time and were very close to achieving their end of year planned hashrate total of 1 EH/s.
 

Strong monthly operational performances from Bitfarms (BITF), CleanSpark (CLSK) and Hive Blockchain (HIVE), made up the next three places.

Continue reading here.

Bitcoin mining companies are renaming in the bear market

Several bitcoin mining companies have decided to use the quiet throes of a bear market to launch corporate rebranding initiatives.

Click here to continue reading

News Roundup: Silvergate Troubles, Core Scientific Turns Off 37k Rigs, Argo & Galaxy Partner

Check out last weeks news in 10 minutes!

Click here to watch.

Mining News Feed

Bloomberg / Bitcoin Miners Deleverage, Scale Back as Crypto Winter Continues into 2023

 

CoinDesk / Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays

 

CoinDesk / Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet

Chart of the Week

Bitcoin's mining difficulty dropped last month due to winter storms in Texas leading to massive curtailment. January may not be as kind, with an estimated 10% difficulty increase one week out.

Mining Stock Snapshot

*As of Tuesday, January 10

Follow Compass

About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.

  
 

Did a friend forward this email? Sign up here.

Want more Compass content?

  
 
 
Copyright ©2022 Compass Mining, Inc. All rights reserved.

251 Little Falls Drive

Wilmington DE 19808
USA


Unsubscribe   |   Change Subscriber Options