“This drop in the production of ether in the current quarter compared to the prior quarter will be offset partially by the average price of ether increasing by 45%, and the higher bitcoin mined in this quarter boosted by the increase in the price of bitcoin in the quarter of over 35%,” Hive said. Source link … [Read more...] about Crypto Miner Hive Sees More Bitcoin, Less Ether Mined in Third Quarter
Quarter
MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M
MicroStrategy said it bought 7,002 bitcoin for about $414 million in cash during its fiscal fourth quarter.The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.The largest crypto currency by market capitalization was around $57,326 on Monday. MicroStrategy now holds 121,044 bitcoins for an average purchase price of … [Read more...] about MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M
Argo Blockchain Achieves Record Revenue in Third Quarter
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Argo Blockchain Achieves Record Revenue in Third Quarter
MicroStrategy Added Almost 9,000 Bitcoins to Its Holdings in Third Quarter
MicroStrategy (Nasdaq:MSTR), the business-intelligence software firm that holds so much bitcoin on its balance sheet that it’s become something a proxy for the world’s biggest cryptocurrency, said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042. Source link … [Read more...] about MicroStrategy Added Almost 9,000 Bitcoins to Its Holdings in Third Quarter
Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Bitcoin’s second-quarter price battering has pundits speculating that Tesla may have to report a loss of up to $100 million for Q2.With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. … [Read more...] about Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2