Two new sites in British Columbia will bring in a combined 3.9 exahash/s (EH/s) when operational, Iris Energy said. One site in Mackenzie will deliver 1.5 EH/s in 2022, with the first 0.3 EH/s expected Q2 2022, and another in Prince George will deliver 1.4 EH/s in Q3 2022, expanding to 2.4 EH/s sometime in 2023, according to the statement. Source link … [Read more...] about Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
Revenue
Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins
Argo Blockchain, the sole crypto miner listed on the London Stock Exchange (LSE), said mining revenue fell 5.7% in December as a declining price for bitcoin more than offset an increase in production.The London-based company mined 214 bitcoins last month, taking the total for 2021 to 2,045, according to an announcement Friday.Mining revenue, however, fell to £7.82 million … [Read more...] about Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins
BofA Upgrades Coinbase to Buy, Sees Revenue Diversification Beyond Retail Crypto Trading
Bank of America upgraded Coinbase shares to buy from neutral, leaving the price target unchanged at $340.The upgrade was due to increasing signs of revenue diversification beyond just retail crypto trading, a trend which it thinks will accelerate further this year, the bank said in a note on Thursday.The bank forecasts subscription and services revenue to increase to 16% of the … [Read more...] about BofA Upgrades Coinbase to Buy, Sees Revenue Diversification Beyond Retail Crypto Trading
Voyager Digital’s Estimated Quarterly Revenue Doubles to $165M
Voyager Digital’s estimated revenue for the quarter ended Dec. 31, 2021, was $165 million, more than double the $81.5 million figure of the previous quarter.The total revenue for the calendar year 2021 is estimated to be $415 million, the crypto exchange announced on Wednesday.Additionally, Voyager’s net new deposits for the quarter was around $1.04 billion compared to $827 … [Read more...] about Voyager Digital’s Estimated Quarterly Revenue Doubles to $165M
Celsius’ Chief Revenue Officer Launched a Business With a Convicted Money Launderer: Report
Cohen-Pavon, a former attorney who joined London-based Celsius in September 2020, set up NNY Capital Ltd. on May 5, 2021, with Oved, who later transferred his shares to his wife, Liat Kurtz-Oved, the owner of an Israeli call center that ran the binary options website PlusOption.com, the online newspaper reported. Source link … [Read more...] about Celsius’ Chief Revenue Officer Launched a Business With a Convicted Money Launderer: Report