A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June.The company was ordered to pay a total of $1.47 million by a Delaware Court on Thursday.

What is Bitcoin mining, and how does it work?

Emiliano Grodzki, the co-founder and CEO of Canadian bitcoin miner Bitfarms (BITF), has resigned, effective immediately, according to company statement. The company's President and COO Geoffrey Morphy has been promoted as his replacement.

Bitcoin (BTC) miner balances started at 1.82 million BTC at the beginning of the year. Despite peaks of capitulation and significant selloff volume, BTC miner wallets still sit at a flat 1.8 million BTC.

Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection, after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital (GLXY) for $65 million.

The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on average from their 52-week high prices, according to Compass Mining.

U.S. bitcoin miner Core Scientific received court approval on Thursday to fund its Chapter 11 case with a $37.5 million loan from a group of existing creditors.

Bitcoin miner Northern Data, based out of Germany,  anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022.

Publicly-listed Bitcoin miner Core Scientific is planning to file for Chapter 11 bankruptcy protection in Texas on Wednesday as the bear market intensifies.

Bitcoin miner Greenidge announced that there is “substantial doubt” about its capacity to continue as a business, saying that its Board of Directors has actively discussed the possibility of voluntary bankruptcy.