Alongside mining revenue, Bitcoin’s hash rate grew over 10% over the last month, adding to the network’s resilience against double-spending attacks.
However, as a result, network difficulty — a measure of how difficult it is to mine a new BTC block — increased for the first time since June.Mirroring the positive outcomes across the Bitcoin network, crypto mining companies reported increased stock prices over the last month.
Crypto mining companies, including Hut8 Mining Corp., Marathon Digital Holdings and Core Scientific, revealed skyrocketing stock prices, each performing at least 95% better than June 2022. All three companies, however, posted widened losses, driven by impairment losses on their crypto holdings.
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