Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

پاران NewsBTC - 1 سال اڳ - پڙهڻ جو وقت: 2 منٽ
منگل ، آگسٽ 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.

گذريل ٽه ماهي ۾ صرف کان کنن کي وڏو نقصان نه هو؛ شعبي جا ٻيا ميمبر پڻ. سڀ کان وڏي يو ايس ڪرپٽو ڪرنسي ايڪسچينج، Coinbase Global Inc.، US $1.1 بلين جي نقصان جي خبر ڏني، ۽ MicroStrategy Inc. پڻ US $1 بلين کان وڌيڪ جي خالص نقصان جو تجربو ڪيو.

مٿئين عوامي کان کنيندڙن جون ۾ 3,900 سڪا کنيا، پر انهن مان 14,600 وڪرو ڪيا ويا، ميلروڊ جي مطابق. جون ۾، ڪور سائنسي تقريبن 80٪ وڪرو ڪيو ان جي سڪن جو آپريٽنگ خرچ ادا ڪرڻ ۽ ترقي جي حمايت ڪرڻ لاء.

حلال رهڻ لاءِ، کان کن پنهنجا اثاثا ۽ مائننگ مشينون وڪڻي رهيا آهن ۽ وڌيڪ قرض وٺي رهيا آهن. ميراٿون پنهنجي اڳوڻي يو ايس $ 100 ملين قرض جي لائن کي جولاءِ ۾ وڌايو ان کي نئين يو ايس $ 100 ملين ٽرم قرض سان گڏ cryptocurrency-دوست بئنڪ Silvergate Capital Corp. ان کان علاوه، مائنر پنهنجو مائننگ سامان US$58 ملين ۾ وڪرو ڪيو. B. Riley Principal Capital II سان، Core Scientific هڪ گڏيل اسٽاڪ خريداري معاهدي تي دستخط ڪيو آهي US$100 ملين.

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.

اصل ذريعو: نيوز بي ٽي سي