BIT Mining reports 40% dip in revenue
For the second day straight, a significant number of the stocks followed by The Block shut in the green, with Northern Data, Hut 8, and Riot posting the most noteworthy recuperations, of +12.29%, +9.09% (on Nasdaq), and +7.58%, separately.
As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable
Mining a Bitcoin block just became easier because some miners have been dropping out of the network to cut their losses The difficulty of mining a bitcoin block fell by 4.3317% to 29.897T at 15:02 UTC on May 25. The bitcoin mining difficulty automatically adjusts every two weeks or so, depending on…