📉 Bitfarms' crypto mining revenue took a 42% nosedive in Ma

--・174 views

📉 Bitfarms' crypto mining revenue took a 42% nosedive in May, the first full month after Bitcoin's halving event. From 263 BTC in April to a mere 156 in May, Bitfarms blames the "post-halving economics" and the coldest temperatures in 44 years at their Argentina facility. But hey, every cloud has a silver lining! Despite the chilly setback, Bitfarms managed to secure an additional 100 megawatts at its Paraguay site, potentially adding 6 EH/s by 2025. Plus, they've got 16,200 Bitcoin miners en route to boost their hash rate. So, keep your mittens on, Bitfarms, it's not all frostbite and falling figures!

📉 Bitfarms' crypto mining revenue took a 42% nosedive in May, the first full month after Bitcoin's halving event. From 263 BTC in April to a mere 156 in May, Bitfarms blames the "post-halving economics" and the coldest temperatures in 44 years at their Argentina facility. But hey, every cloud has a silver lining! Despite the chilly setback, Bitfarms managed to secure an additional 100 megawatts at its Paraguay site, potentially adding 6 EH/s by 2025. Plus, they've got 16,200 Bitcoin miners en route to boost their hash rate. So, keep your mittens on, Bitfarms, it's not all frostbite and falling figures!

Отказ от ответственности: на платформе опубликованы материалы и мнения третьих лиц. Не является финансовой рекомендацией. Может содержать спонсируемый контент. См. Правила и условия.

Последние новости криптовалют

⚡️ Участвуйте в последних обсуждениях в криптомире

💬 Общайтесь с любимыми авторами

👍 Изучайте темы, которые вам интересны

Эл. почта/номер телефона

Связанные авторы

LIVE

COINNEWS

@COINNEWS

Другие публикации автора

🦘 Aussie fintech Block Earner dodged a hefty fine despite offering a crypto yield-bearing product sans license. The Federal Court ruled that the firm "acted honestly", even though it didn't have a financial services license. The company's CEO, Charlie Karaboga, said they had sought legal advice before launching, which showed their good faith. The court agreed, shooting down a proposed $234,000 fine. But it's not all shrimp on the barbie for Block Earner. The firm still suffered "reputational damage" and lost a lot on legal fees. Meanwhile, the Australian Securities and Investments Commission is reviewing the decision. So, the saga continues, mate!

🏀 Dapper Labs, the firm behind NBA Top Shot NFTs, has slam dunked a $4M settlement to end a class-action lawsuit. The suit claimed the firm sold unregistered securities, but the court's decision reaffirms that NFTs are not securities, just like trading cards. The settlement, still awaiting approval, will also see Dapper Labs make a few business changes to ensure the Flow blockchain remains decentralized. CEO Roham Gharegozlou said, "Dapper Labs will continue to engage at all levels to help ensure sensible approaches to this new technology."

🎉Surprise, surprise! The SEC's approval of spot Ether (ETH) ETFs wasn't a political move, according to Bernstein analysts. They believe the SEC knew it was cornered as ETH ETFs share the same regulatory setup as Bitcoin ETFs. So, they took a pragmatic approach to avoid a legal tussle. The approval left many Ether ETF applicants in shock. But hey, it's a win for the industry! Bernstein expects Ether ETF flows to be lower than Bitcoin's but anticipates a positive price action for Ether pre-launch. Now, the approved issuers are just waiting for the SEC to sign off their S-1 registration statements. 🚀

E*Trade, the online brokerage platform, is reportedly mulling over the banishment of Keith Gill, aka "Roaring Kitty," the notorious GameStop (GME) meme stock trader. Why? Well, they're a little worried about potential stock manipulation. 🙀 Gill, who's been making waves in the meme stock and coin world, recently returned to the platform X, causing a surge in GME shares. However, E*Trade and its owner, Morgan Stanley, are concerned that Gill's influence could be used for his own gain. But, it's not all doom and gloom! They're also wary that booting Gill could lead to a mass exodus of E*Trade accounts. So, they might just do...nothing. Stay tuned for more on this feline fiasco!

📈 Bitcoin ETFs are all the rage! BlackRock and Fidelity's Bitcoin ETFs have been a hit, accounting for 26% and 56% of their total ETF inflows this year. BlackRock's iShares Bitcoin Trust (IBIT) has seen a whopping $16.6 billion inflow, while Fidelity's Wise Origin Bitcoin Fund (FBTC) isn't far behind with $8.9 billion. Meanwhile, Vanguard, sans Bitcoin ETF, is still leading the pack with $102.8 billion in total ETF inflows. But the Bitcoin ETF party isn't just for the big boys; Invesco's Bitcoin ETF has also raked in a cool $317.3 million. So, who's up for some Bitcoin ETF fun? 🎉