However, the firm’s mining profit was more than halved to C$14.9 million compared to Q1, due to higher power costs and the decline in the price of bitcoin, the company said. The miner’s cost of mining each bitcoin grew by 44% to C$25,900, around what it was in the second quarter of 2021.
Related posts
-
US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi
Este artículo también está disponible en español. Since their approval in January 2024, Spot Bitcoin ETFs... -
Bitcoin Price (BTC) Dropped 2.9% While Ether Price (ETH) Declined 2.6%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin price could jump by 210%: mining executive predicts
A senior Bitcoin mining executive expects prices to continue rising in the ongoing bull market cycle. ...