bitfarms bitcoin mine
Racks of Antminer S9s bitcoin miners at one of Bitfarms Bitcoin mining facilities | Source: Bitfarms

Bitcoin Mining Stock Update 3/11/22

Bitcoin miners announced their February 2022 production updates and the Biden administration has started to draft an executive order that addresses the crypto industry.

Colin Harper
Colin Harper

The market held its breath this week awaiting Biden’s executive order on cryptocurrencies. The executive called for various agencies to research cryptocurrencies through their respective scopes to create a comprehensive regulatory framework, but lacked details as to what this may look like. Biden acknowledged that this is an “opportunity to reinforce American leadership”, but also called for “responsible innovation”.

In corporate news, Core Scientific announced 2022 goals of reaching a whopping 40-42 EH/s in aggregate capacity. Argo Blockchain announced the purchase of 4 new transformers to add an additional 600MW of capacity to its Helios site in Texas, and TeraWulf announced the commencement of its operations at its Lake Mariner facility in upstate New York.

bitcoin mining stock returns march 2022
Bitcoin mining stock leading performance and returns (3/7/22-3/11/22)
mining stock performance and returns march 2022
Bitcoin mining stock lowest performance and returns (3/7/22-3/11/22)

Bitcoin Mining Stock News


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Head of Research and Content at Luxor Technology