The Fall in Bitcoin is Reflected in the Miners’ Q2 Report

US-based Bitcoin mining company Stronghold Digital Mining announced that it has delayed the release date of its financial reports.

Stronghold Digital Mining, August 11 by changing the date of announcement of financial reports for the second quarter of 2022, in the announcement made by the company on its investor relations page on August 15 reported as determined.

According to information reached by The Block, a company spokesperson said they need a few more days to complete. an important job He said they were working on it. The spokesperson said that the company’s believes it should be included in the second quarter financial reports therefore, the announcement of the report was postponed.

According to experts, the price increase in Bitcoin experienced since the beginning of the second quarter 40% The decline is putting a strain on mining companies. From other leading mining companies Core Scientific and hut8 in the second quarter damage when reporting Riot Blockchain to disclose its financial reports that you postpone reported.

Riot Blockchain, the industry your last negatives cause an impairment a reassessment in order to be able to additional accounting process stated they needed it. In addition, the company is struggling with the ongoing war in Ukraine and global inflationary pressures. affected by various macroeconomic factors. stated.

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