Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

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Máirt, 16 Lúnasa, 2022 10:22 PM

Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the second quarter.

In the three months that ended June 30, Core Scientific Inc., Marathon Digital Holdings Inc., and Riot Blockchain Inc. all reported net losses of US$862 million, US$192 million, and US$366 million, respectively. Following the approximately 60% decline in the price of Bitcoin during the quarter, other large miners such Bitfarms Ltd. and Greenidge Generation Holdings Inc., which released results on Monday, were also obliged to write down the value of their holdings.

Although there has been some relief in recent weeks for the shares of cryptocurrency mining companies, they remain significantly negative. In order to pay off debt and meet operating expenses in the most recent quarter, the miners were forced to sell some of the Bitcoin they had been hoarding. Through the third quarter, that persisted.

Ní hamháin go raibh caillteanais ollmhóra ag na mianadóirí sa ráithe dheireanach; baill eile den earnáil chomh maith. Thuairiscigh an malartán cryptocurrency is mó sna SA, Coinbase Global Inc., caillteanas de US$1.1 billiún, agus bhí glanchaillteanas de níos mó ná US$1 billiún ag MicroStrategy Inc. freisin.

Mhanaigh na mianadóirí is fearr poiblí 3,900 bonn i mí an Mheithimh, ach dhíol siad 14,600 acu, dar le Mellerud. I mí an Mheithimh, dhíol Core Scientific thart ar 80% dá bhoinn chun costais oibriúcháin a íoc agus chun tacú le fás.

Chun fanacht tuaslagóir, tá na mianadóirí ag díol a gcuid sócmhainní agus meaisíní mianadóireachta agus ag glacadh le níos mó fiacha. Mhéadaigh Marathon an líne chreidmheasa US$100 milliún a bhí aige roimhe seo i mí Iúil trí é a athmhaoiniú le hiasacht téarma nua de US$100 milliún ón mbanc atá neamhdhíobhálach don cryptocurrency Silvergate Capital Corp. Ina theannta sin, dhíol an mianadóir a threalamh mianadóireachta ar US$58 milliún. Le B. Riley Príomhoide Caipitil II, tá Core Scientific tar éis comhaontú ceannaigh stoic coiteann do US$100 milliún a shíniú.

Public corporations with significant Bitcoin holdings on their balance sheets have been warned by the US Securities and Exchange Commission not to exclude price fluctuations when reporting results. Losses are not realized until the tokens are actually sold.

Foinse bunaidh: NuachtBTC