Bitcoin

Bitcoin Miners report Q4 revenue Increases

Despite negative developments about FTX and others in crypto currency, two companies reported significant revenue increases in Q4…

TeraWulf, the zero carbon bitcoin miner whose innovation score increased from 51 to 57 during March 2023, reported fourth quarter revenue surged 146% to $9.6 million from $3.9 million in the third quarter. The jump was seen at the same time the company reported a significant increase in mining operations at the Lake Mariner facility in upstate New York.

Stronghold Digital Mining, the bitcoin miner whose innovation score jumped from 55 to 61 in March, reported a 38% rise in fourth quarter revenue to more than $23 million from $17 million in the year-ago quarter. Record high power prices in December drove the increase.



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