Northern Data generated 295 bitcoins in May and increased the number of crypto miners
06.06.2022
Northern Data mined 295 bitcoins in May, down about 9% from the previous month. This is covered in the release.
The firm's manufacturing downturn was justified by the imposition of temporary sanctions on one of the user hosting firms.
In the last spring month, Ethereum generated 4560 ETH, which is the same as in April.
Mining Northern Data since January 2022 has been 155 Bitcoin and 24012 Ethereum.
On the last day of May, the company's holdings of digital assets amounted to approximately 1,360 bitcoins and 39,820 Ethereum, with a total value of about 102 million euros. The total estimate decreased by 27% compared to the previous period due to the fall in the price level and the incomplete sale of the currency.
On the last day of May, the fleet of ASIC miners for generating bitcoins increased to 46,000 units with a total hashrate of 4.23 EH / s.
The leaders of the enterprise allowed the total estimated capacity of the bitcoin network to decrease as a result of the shutdown of non-useful equipment by miners against the backdrop of a decrease in the cost of cryptocurrency. The company estimated its own production costs as lower than the market average.
Northern Data plans to increase participation in daily mining in the coming months. By the end of 2022, the organization’s fleet should consist of more than 100,000 miners with a hashrate of 9.3 EH / s.
The organization's Ethereum mining capacity has not changed since January (223,000 GPUs mining 12.7 TH/s).
Since the beginning of the year, Northern Data's share price has fallen by approximately 58% (from EUR 78.10 to approximately EUR 32.9). The decline in the share price since the first days of May has been approximately 33%. Its trading price was about 546 million euros.
It should be mentioned that in October 2021 Northern Data lost $300 million in savings amid the news of the BaFin investigation into its managing directors.
The firm's manufacturing downturn was justified by the imposition of temporary sanctions on one of the user hosting firms.
In the last spring month, Ethereum generated 4560 ETH, which is the same as in April.
Mining Northern Data since January 2022 has been 155 Bitcoin and 24012 Ethereum.
On the last day of May, the company's holdings of digital assets amounted to approximately 1,360 bitcoins and 39,820 Ethereum, with a total value of about 102 million euros. The total estimate decreased by 27% compared to the previous period due to the fall in the price level and the incomplete sale of the currency.
On the last day of May, the fleet of ASIC miners for generating bitcoins increased to 46,000 units with a total hashrate of 4.23 EH / s.
The leaders of the enterprise allowed the total estimated capacity of the bitcoin network to decrease as a result of the shutdown of non-useful equipment by miners against the backdrop of a decrease in the cost of cryptocurrency. The company estimated its own production costs as lower than the market average.
Northern Data plans to increase participation in daily mining in the coming months. By the end of 2022, the organization’s fleet should consist of more than 100,000 miners with a hashrate of 9.3 EH / s.
The organization's Ethereum mining capacity has not changed since January (223,000 GPUs mining 12.7 TH/s).
Since the beginning of the year, Northern Data's share price has fallen by approximately 58% (from EUR 78.10 to approximately EUR 32.9). The decline in the share price since the first days of May has been approximately 33%. Its trading price was about 546 million euros.
It should be mentioned that in October 2021 Northern Data lost $300 million in savings amid the news of the BaFin investigation into its managing directors.