Bitcoin Mining Stock Update (April 1, 2022)
Many Bitcoin mining stocks released their 2021 numbers last week.
Numerous full year earnings figures were released this week, along with a few new financings. Most notably, Core Scientific posted massive revenues of $544.5m, Greenidge surprised the market with better than expected numbers and rapid expansion into South Carolina, and Stronghold disappointed investors, announcing that it no longer expects to reach its 2022 hashrate target of 8 EH/s.
In other news, Riot announced a fresh ATM financing for up to $500m, Iris Energy closed on its $71m ASIC financing deal with NYDIG, and Cleanspark announced a deal with Lancium to secure up to 500MW of capacity at its data center in west Texas.
Bitcoin Mining Stock News (March 28-April 1, 2022)
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