Tag: Mining

Iran Issues License for Nation’s Biggest Bitcoin Mining Operation

iMiner, a Turkey-based company, has been granted a license to mine cryptocurrencies in Iran. Local news source Tabnak news reported on April 28 that iMiner has the green light from the nation’s Ministry of Industry, Mine and Trade to...

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Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Argo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported stellar 2019 earnings Wednesday. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin (BTC) on the year....

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Market Wrap: Bitcoin Edges Up to $7.7K as Mining Power Rebounds

Bitcoin’s price is on the upswing, and so is the amount of computing power securing the network as a once-in-four-years event known as the halving approaches. The world’s oldest cryptocurrency is up 12% over the past five days, and...

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Hut 8: The Struggles of One of Canada’s Largest Miners

For an industry whose foundation was built on transparency, there is a still lot about the cryptocurrency space that remains opaque. Companies are hesitant to disclose revealing information unless required to do so. Thankfully, the filings of publicly listed...

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Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April...

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