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Benoit Tessier - 1 Gregory Lewis - 1 Bitcoin's - 1 Morgan - 1 William Szamosszegi - 1 Matteo Greco - 1 It's - 1 Ludovic Thomas - 1
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Search resuls for: "William Szamosszegi"


2 mentions found


☆ Cryptoverse: Bitcoin miners make money ahead of 'halving'
  + stars: | 2023-11-14 | by ( Medha Singh Lisa Pauline Mattackal | Medha Singh | Lisa Pauline Mattackal | ) www.reuters.com   time to read: +4 min
A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 14 (Reuters) - Bitcoin miners are making hay while the sun shines. "You're seeing a lot of urgency to plug rigs in ahead of the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners. That means miners are having to use more and more power and speed to crack the complex maths puzzles that earn them a bitcoin. "It's too early to say if all bitcoin miners are out of the wood," said Ludovic Thomas, portfolio manager at Swiss-based Criptonite Asset Management that invests in digital assets.
Persons: Benoit Tessier, Gregory Lewis, Bitcoin's, Morgan, William Szamosszegi, Matteo Greco, It's, Ludovic Thomas, Medha Singh, Lisa Mattackal, Vidya Ranganathan Organizations: La Maison du, REUTERS, U.S, Fineqia, Central, Swiss, Management, Thomson, Reuters Locations: La, Paris, France, J.P, Bengaluru
☆ Cryptoverse: Bitcoin miners get stuck in a bear pit
  + stars: | 2022-09-27 | by ( Medha Singh Lisa Pauline Mattackal | Medha Singh | Lisa Pauline Mattackal | ) www.reuters.com   time to read: +4 min
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. "Bitcoin miners have continued to watch margins compress - the price of bitcoin has fallen, mining difficulty has risen and energy prices have soared," said Joe Burnett, head analyst at Blockware Solutions. That's put serious pressure on some players who bought expensive mining machines, or rigs, banking on rising bitcoin prices to recoup their investment. Shares of Marathon Digital (MARA.O), Riot Blockchain (RIOT.O) and Valkyrie Bitcoin Miners ETF (WGMI.O) have sunk more than 60% this year, for example, while crypto-mining data center operator Compute North filed for bankruptcy last week. "From managing their balance sheet, processing units and energy costs, miners will look to stay afloat regardless of current market conditions," he added.
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