Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

Na NewsBTC - 1 tau ki muri - Wā Pānui: 2 meneti
Tue, Akuhata 16, 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.

Ehara i te mea ko nga kaikeri he nui nga mate i tera koata; etahi atu mema o te rängai hoki. Ko te utu nui rawa atu o te US cryptocurrency, Coinbase Global Inc., i kii i te ngaro o te US $1.1 piriona, me te MicroStrategy Inc.

E 3,900 nga moni a nga kaikeri a-iwi nui i keri i te marama o Hune, engari 14,600 o ratou i hokona, e ai ki a Mellerud. I te marama o Hune, i hokona e Core Scientific te 80% o ana moni hei utu i nga whakapaunga whakahaere me te tautoko i te tipu.

Kia mau tonu te whakarewa, kei te hoko nga kaikeri i a ratou rawa me nga miihini maina me te tango nama. I whakawhānuihia e te Marathon tana rarangi nama 100 miriona taara o mua i te marama o Hurae ma te whakahoki ano i te putea mo te $ 100 miriona mo te wa roa mai i te putea crypto-friendly Silvergate Capital Corp. I te taha o B. Riley Principal Capital II, kua hainatia e Core Scientific he kirimana hoko kararehe mo te US$58 miriona.

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.

Kuputuhi taketake: NewsBTC