Luxor

Bitcoin Miners Saw 33% Revenue Increase in December

Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk. Extending November’s own 48% increase, miner revenues continued to soar as bitcoin rallied over 300% last year, briefly trading above $29,000 for the first time ever on New Year’s Eve.  …

Bitcoin Miners Saw 33% Revenue Increase in December Read More »

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails.  Shares of the publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period.  Riot shares surged even higher in early hours Friday, reaching $6.60, a …

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs Read More »