The biggest U.S. engineers lost more than $1 billion in the second quarter due to a cryptonic crisis

The biggest U.S. engineers lost more than $1 billion in the second quarter due to a cryptonic crisis

The three largest Bitcoin companies in the United States reported losses of more than $1 billion at the end of the second quarter.

Core Scientific, Marathon Digital Holdings and Riot Blockchain reported net losses of $862 million, $192 million and $366 million, respectively. Bitfarms and Greenidge Generation Holdings, which published reports on Monday, also showed weak financial results. Miners ' stocks have come out of a long peak in recent weeks, although the problems are still running, and companies remain at a low level. In order to clear debts and cover transaction costs, they have to sell the cryptivate, an analyst, Arcane Crypto Yarand Melerud, calculated that the implementation of the bitcoins is faster than their production.

The Miners, according to Mr. Mellerud, sold 146,000 coins in June, and only 3,900 coins. Core Scientific had to sell 80% of its assets to cover operating costs and expand activities, while Marathon sold $58 million worth of equipment. However, the problems of the cryptoval industry were not limited to mining companies. In the last quarter alone, the largest American coinbase cryptoby reported a loss of $1.1 billion, another $1 billion lost Microsoft.