Bitcoin Miners Lost Over $1 Billion in Cryptocurrency Crash (CORZ, MARA, RIOT) – Bloomberg

Bloomberg Daybreak Asia. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
Experts believe that the future of diversity, equity and inclusion in the workplace will be about creating habits that help mitigate some of our most basic unconscious biases. And getting there requires some uncomfortable conversations.
Treasury Wine Profit Meets Expectations; Warns of Inflation Risk
Bed Bath & Beyond Stock Plunges After Ryan Cohen Files to Unload Stake
Tencent Says Meituan Stake-Sale Report Is Not Accurate
Tesla Legal Chief Who Led Purchasing Probe Exits EV Maker
Penn to Buy Rest of Online Gaming Partner Barstool Sports
UK Tory Leadership Rivals Attacked Over Unfunded Tax Cuts
Florida Judge Urged to Release Most of FBI Affidavit Used to Search Trump’s Home
Stock Market Plunge Punished 401(k) Millionaires
The Best Places to Buy a US Vacation Home
Premier League Races Toward £6 Billion Mark as Rivals Lag Behind
LeBron James Becomes Highest-Earning NBA Player in History
A Kiwi’s Run at Inflation That’s More Hawk Than Dove
RIP to the Era of Global Banking
Don’t Believe the Grim Forecast. China Is Just Fine
A Crypto Winter King Wants to Reanimate the Industry
Chinese EV Maker BYD Aims to Conquer World Markets as the Un-Tesla
AMC’s CEO Will Do Whatever It Takes to Keep His Company a Meme Forever
WNBA’s 2022 Regular Season Was Most-Watched in 14 Years
Judge Reinstates North Carolina’s 20-Week Abortion Ban
Washington Mushroom Producer Sued for Firing Most of Female Workforce
Five Vital Commodity Industries Are Buckling Under Energy Crisis
India May Delay Coal Plant Closures in Blow to Climate Action
New York’s Congestion Pricing Plan Is Politically ‘Explosive’
Documenting the Quest for Safer Streets
Speed Limits and Number Plates for Cyclists? Grant Shapps Floats the Idea
A Crypto Winter King Wants to Reanimate the Industry
Crypto Market Wilts With Four Days of Losses After Merge Mania
Quebec’s Caisse Writes Off Celsius, Saying Bet Was ‘Too Soon’

The three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices. 
Core Scientific Inc., Marathon Digital Holdings Inc. and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such as Bitfarms Ltd. and Greenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter. 

source

Leave a Reply

Next Post

Why Cryptocurrency Chillz Continues to Surge Higher Today - The Motley Fool

Thu Aug 18 , 2022
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom […]
%d bloggers like this: