Largest Bitcoin Miners Lose More Than $1B

As we all know, as a result of the collapse of Bitcoin, the largest mining companies suffered heavy losses.

According to Bloomberg, the most affected companies are Core Scientific, Marathon and Riot, as their total losses have exceeded $1 billion since the collapse of the Terra ecosystem.

Other companies, including Bitfarms and Greenidge, have also reported losses earlier this week. In July and August, miner stocks bounced back a little, thanks to a bounce in BTC.

However, in general, the first half of the year turned out to be extremely unsuccessful for companies mining BTC. In July alone, they were forced to sell 6,200 Bitcoins. In June, miners sold 14,600 coins, while they only managed to mine 3,900 BTC.