Anthony John Power

Spring is within sight, but perhaps not for Bitcoin miners.

In this piece, we’ll tackle a few stand out metrics including the cost to mine a Bitcoin, balance sheet strength, Enterprise Value and production.

A bit of position jostling for first place followed the cheery price action.

With phenomenal growth in a relatively short time frame, North American listed Bitcoin mining companies appear to have rewarded themselves extremely well when compared with other mainstream tech firms.

Bitcoin mining shares have performed well during this recent surge in Bitcoin price, with an average increase in the last 30 days of 225%.

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.

Bitfarms (BITF) ended 2022 on a high note, mining 496 Bitcoin in December for a yearly total of 5,167 BTC.

On Wednesday, December 28, Argo was finally provided with a much needed lifeline, by formally announcing the agreement to sell their flagship site Helios.

What started like a year of promise ended with high profile bankruptcies, collapses and capitulations.

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.

This is the second article in a two part series comparing the Q3 2022 performance numbers of Bitfarms (BITF), Hive Blockchain (HIVE), Hut 8 (HUT), Marathon Digital (MARA) and Riot Blockchain (RIOT).

This is the first article in a two part series comparing the Q3 2022 performance numbers of Bitfarms (BITF), Hive Blockchain (HIVE), Hut 8 (HUT), Marathon Digital (MARA) and Riot Blockchain (RIOT).

Marathon Digital has not currently sold any of its 11,440 Bitcoin held, but 83% are held as leverage against two loans totaling $100 million.

October was brutal for many a miner. But some cut through the red, building on previous wins for continued success.

We sat down with Riot Blockchain's CEO to discuss Riot's current mining activity, future growth plans and market outlooks.

Debt payments and sub-$20K Bitcoin don't line up well, miners found out in October.

From an accounting viewpoint, cryptocurrencies never readily fitted easily into a financial reporting structure.

September mining proved to be a challenge for many miners. Not only did miners have put up with a large increase in Bitcoin’s difficulty, but inflation-goaded energy prices continue to eat into miner’s bottom line.

It’s been one year since Argo raised over $100 million in capital when going public via IPO. It's been a difficult path since, as it has for all miners.

Cleanspark and Iris Energy have dominated the bear market, adding hashrate while other miners scrape by.

Catch up on mining production updates from North America's publicly listed miners.

Miners carried out strategic moves to boost hashrate during the summer lull.

Argo Blockchain, Bitfarms and Greenidge each face various levels of debt payments based on bull market contracts.

Check out the latest updates from Bitfarms, Iris Energy and Marathon Digital.

In this piece, we analyze Riot Blockchain’s vertically integrated strategy, including its Whinstone and Corsicana facilities.