Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

Od NewsBTC - prije 1 godinu - Vrijeme čitanja: 2 minute
Utorak, 16. kolovoza 2022. u 10:22

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.

Nisu samo rudari imali ogromne gubitke u prošlom kvartalu; i ostali članovi sektora. Najveća američka burza kriptovaluta, Coinbase Global Inc., izvijestila je o gubitku od 1.1 milijardu američkih dolara, a MicroStrategy Inc. također je doživjela neto gubitak od više od jedne milijarde američkih dolara.

Najbolji javni rudari rudarili su 3,900 kovanica u lipnju, ali su ih prodali 14,600, prema Mellerudu. U lipnju je Core Scientific prodao približno 80% svojih kovanica kako bi platio operativne troškove i podržao rast.

Kako bi ostali solventni, rudari prodaju svoju imovinu i strojeve za rudarenje i dodatno se zadužuju. Marathon je proširio svoju prethodnu kreditnu liniju od 100 milijuna USD u srpnju tako što ju je refinancirao s novim oročenim zajmom od 100 milijuna USD od banke Silvergate Capital Corp. koja podržava kriptovalute. Osim toga, rudar je prodao svoju opremu za rudarenje za 58 milijuna USD. S B. Riley Principal Capital II, Core Scientific je potpisao ugovor o kupnji običnih dionica za 100 milijuna USD.

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.

Izvorni izvor: NewsBTC