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Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to shut down in the near future. According to an October 31 press release, the company failed to secure a $27 million strategic investment that was supposed to improve its liquidity position. The

Determining the market bottom requires a lot of guesswork. Bitcoin’s recent volatility has resulted from various factors ranging from geopolitical uncertainty and local regulation to internal implosions of the crypto market. Miners have historically been one of the most reliable omens of Bitcoin’s performance. Bitcoin miners make up the foundation of the crypto market and

This has been the year of mining difficulty and hash rate, as they kept increasing to record new all-time highs (ATH) despite the declining trend in Bitcoin (BTC) price, according to data analyzed by CryptoSlate. Mining difficulty refers to miners’ chance of finding the required hash code to mine one block. Hash rate, on the

Core Scientific, one of the world’s largest publicly traded Bitcoin mining companies, is on the verge of insolvency. In an Oct. 26 SEC filing, the company said its operating performance and liquidity had been severely impacted by rising electricity costs and falling Bitcoin prices. The increase in hash rate has also drastically impaired the company’s