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BTC Miners Struggle to Break Even: Cathedra Bitcoin Reports C$2.9 Million Loss

The financial results of yet another publicly traded cryptocurrency miner showed that it is challenging to make a net profit under current market conditions. Cathedra Bitcoin Inc. (TSX: CBIT), a Toronto-based Bitcoin mining company, has disclosed its financial performance for the second quarter of 2023. Despite the report revealing significant growth in mining output and revenue, the net loss still seems sizable.Cathedra Bitcoin with Modest Profit Growth and Net Loss DeclineIn the second quarter... Read More

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Miners

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Even

Cathedra

Bitcoin

Reports

Million

Forex

Posted: Aug 30 2023, 07:08

Author Name: financemagnates

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