Bitcoin Miner Greenidge: Revenue Still Growing in Q4

time:2022-02-03 02:30 source:Internet

Bitcoin miner Greenidge Generation said in a statement that preliminary revenue for the fourth quarter was up 23 percent from the third quarter, despite a 16 percent drop in the number of bitcoins produced. Revenue in the fourth quarter rose to about $44 million, compared to $35.8 million in the third quarter. Its hash rate climbed 17% to 1.4 exahash per second (EH/s) as of December 31, 2021. While Greenidge mined around 609 bitcoins during the quarter, down 16%, bitcoin’s price hit an all-time high of nearly $69,000 during the period. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization are expected to be between $18 million and $20 million, the company said. That was down from $21.2 million in the third quarter. With $85 million in cash and short-term investments, only $2 million of that is in cryptocurrency holdings, meaning it likely monetizes most of the tokens it mines.

  • Positive
  • Latest
  • {{item.nickname}} {{item.publish_time}} sofa bench floor {{item.floor}} floor
    {{item.parentinfo.nickname}} Posted on {{item.parentinfo.publish_time}} {{item.parentinfo.content}}

    Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!

    {{item.praise}} Like {{item.praise}} Like Reply
Come on and grab the couch~
Post a comment
Cancel Reply