Mining News

After a turbulent year, Bitcoin mining ETFs are once again in the top spots on performance charts for the first month of 2023.

According to Northern Data AG, it mined 2,798 Bitcoin in the 2022 fiscal year, a 315% increase from the year prior. As a result, BTC mining generated 77.7 million euros in revenue in fiscal 2022.

Kaspa (KAS) is the second most popular coin mined, with already more than 50% of the Ethereum Classic (ETC) miners, and RavenCoin (RVN), with about 30% of the ETC miners, is in third place, according to mining statistics provided by Hive OS network based on users of their platform.

According to a January report, the bankrupt Bitcoin (BTC) miner Core Scientific saw its output increase in December from 1,356 BTC in November to 1,435 BTC, a gain of more than 5%. 9 press statement.

Hut 8, a Canadian Bitcoin mining company, increased its Bitcoin holdings by 161, a 32.35% decrease from November’s 238 Bitcoins.

The oldest and most valuable cryptocurrency, Bitcoin (BTC), ended 2017 with a loss of more than 60%. The mining sector was also negatively impacted by the sharp drops in BTC prices, with revenues dropping by 37.5% to $9.55 billion in 2022.

The report on Wednesday is expected to demonstrate the U.S. economy from the perspective of the Federal Reserve, and further explain the rationale behind a change in policy. Bitcoin increased as well, reaching an eight-day high.

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