{"id":29062,"date":"2022-08-17T18:31:58","date_gmt":"2022-08-17T17:31:58","guid":{"rendered":"http:\/\/pley2win.com\/pc\/the-biggest-bitcoin-miners-lost-over-1-billion-during-this-years-crypto-crash\/"},"modified":"2022-08-17T18:31:58","modified_gmt":"2022-08-17T17:31:58","slug":"the-biggest-bitcoin-miners-lost-over-1-billion-during-this-years-crypto-crash","status":"publish","type":"post","link":"https:\/\/pley2win.com\/?p=29062","title":{"rendered":"The biggest bitcoin miners lost over $1 billion during this year’s crypto crash"},"content":{"rendered":"


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The largest trio of publicly traded bitcoin mining companies reported a combined loss of well over $1 billion during the summer, the result of cryptocurrency markets experiencing an unprecedented crash<\/u>.\u00a0<\/p>\n

The three largest US bitcoin miners\u2014Core Scientific, Marathon Digital Holdings, and Riot Blockchain\u2014reported significant losses in recent quarterly earnings reports (thanks, Bloomberg<\/u>). Core Scientific took the biggest hit of the three with a loss of $862 million, with Riot Blockchain losing $366 million and Marathon suffering a $192 million loss during the crypto free-fall.\u00a0<\/p>\n