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Bitcoin mining stock report: Wednesday, June 8

At market close on Wednesday bitcoin miners’ stocks were mostly down. Greenidge Generation, which was down -5.08%, announced Wednesday that it had mined 195 BTC in May — a very slight decrease from 197 BTC the month before. Bit Digital mined about 30% less bitcoin in May, it said Wednesday. The company’s stock was down -1.20%. Core Scientific, Mawson Infrastructure Group and Argo Blockchain were up by +3.52%, +1.88% and +1.81%, respectively. Here’s how crypto mining companies performed on Wednesday, …

European crypto ETN and ETP report: Wednesday, June 8

Most of the major European crypto investment vehicles closed up on Wednesday, with some products seeing a higher degree of outperformance.  21Shares’ Cardano ETP rose the most, up 4.16% at the close. VanEck’s Tron (TRX) was the worst performer on The Block’s list, closing down -0.36% on Wednesday.  Here is a brief look at how some of the major European crypto investment vehicles performed on Wednesday, June 8: As this is the first daily report on ETP and ETN performance in …

Valkyrie raises $11.15 million in strategic fundraising

Valkyrie Investments has raised $11.15 million in a new strategic funding round. The round saw participation from the likes of BNY Mellon, Wedbush Financial Services, Clearsky, Zilliqa Capital, C-Squared Ventures, Belvedere Strategic Capital and SenaHill Partners, among others.  Valkyrie has launched a number of trusts this year, with multiple products providing exposure to single assets. Other recently launched products include an exchange-traded fund that invests in firms engaged in bitcoin mining. It also surpassed $1 billion in assets under management …

Bitcoin mining stock report: Tuesday, June 7

A large number of bitcoin miners saw their stocks fall on Tuesday. Cipher Mining, Argo Blockchain and Iris Energy posted some of the largest drops — -7.80%, -5.31% and -4.72%, respectively. Argo announced on Tuesday that it mined 25% less bitcoin in May due to factors like network difficulty and pool rewards. Network difficulty increased by 5.56 % on April 27  and 4.89% on May 11, but more fell back down by -4.33% on May 25, according to BTC.com. Iris Energy, on …

Iris Energy mined 10% more bitcoin in May

Iris Energy reported a 10% increase in Bitcoin mined during May (totaling 151 BTC), over the previous month. The company also said in a statement Tuesday that its average operating hash rate rose to 1,165 petahash per second, representing a roughly 12% increase. That is despite the Bitcoin network difficulty going up by 5.56 % on April 27 and 4.89% on May 11, according to BTC.com. Iris Energy’s revenue was $4.9 million. The company indicated that it was considering additional debt …

Argo mined 25% less bitcoin in May

Argo mined 124 Bitcoin in May — a 25.3% drop from the previous month. The company said the decrease was due to a series of factors, namely the increase in difficulty in the Bitcoin network experienced in May, in a statement Tuesday. Network difficulty increased by 5.56 % on April 27  and 4.89% on May 11, but more fell back down by -4.33% on May 25, according to BTC.com. About 20 BTC of the difference between the two months can …

PayPal adds new crypto services including transfers to other wallets

Payments firm PayPal has rolled out new functionalities for users of its crypto app. The changes, announced this morning, allow users to transfer crypto between PayPal and other wallets, and come in response to customer demand. Users can now send supported tokens — bitcoin, ether, bitcoin cash and litecoin — to external addresses, including those linked to exchange accounts and hardware wallets. They can also now use PayPal to send crypto to other users of the app. The move is …

US Department of Justice calls for more international cooperation, coordination on crypto law enforcement

A new report from the Department of Justice proposes more international cooperation among law enforcement agencies on the crypto and blockchain front. Information sharing and the harmonization of anti-money laundering and know-your-customer rules were also proposed in the DOJ report, which was developed in conjunction with other US agencies in the wake of the Biden White House’s executive order on crypto. That EO was released in March. The report itself was drafted in response to that executive order. In the …

Bitcoin mining stock report: Monday, June 6

The trading week started off with a mix of Bitcoin companies posting recoveries and others seeing their stocks continue to drop. Notably, TeraWulf’s stock went down by -15.19% and, on the opposite end, Northern Data’s rose by +7.91%. Hut 8 announced with its May operations update that it had mined 309 BTC and decided to hold on to all self-mined bitcoin, keeping with its long-term HODL strategy. Hive also released a statement about last month’s operations stating that it had …

Bitcoin miner Hive grew its hash rate by 8% in May

Bitcoin miner Hive grew its hash rate by 8% in May, according to the company’s most recent operational update. “We are pleased to report in May HIVE continued its strong momentum in expanding our hash rate, notably our Bitcoin mining hash rate grew by 8% this month, through installations and electrical upgrades,” said CEO Frank Holmes. In May, Hive mined 273.4 BTC and 2,694 ETH. By the end of the month, the company had 2.18 exahash per second (EH/s) of …