Northern Data AG, a German company that focuses on Bitcoin mining and cloud computing, has actually released incomes results for its mining division.Northern Data AG stated that in financial 2022, it mined 2,798 Bitcoin(BTC), up 315%from the previous year. This caused BTC mining incomes of 77.7 million euros in fiscal 2022. The company sold 3,005 BTC offered in 2022 for an average price of 23,849 euros, contributing to a money profits of 71.7 million euros.The information launched by Northern Data also showed that it had approximately 3.6 exahash a 2nd (EH/s)of computing power committed to BTC mining. In addition, the company said it expects unaudited combined revenues in the series of 190 million to 194 million euros, with incomes before interest, taxes, devaluation and amortization(EBITDA)”adjusted for the trading loss from the sale of cryptocurrencies”of 40 million to 50 million euros. Cast your vote now!However, December was a tough month for Northern Data. The business mined an overall of 177 Bitcoin, down 15%from November and down 25% from December 2021. This was due to high energy prices, particularly in Europe, which caused the deployed ASIC makers in Europe to have actually set amounts of”

downtime “where they were not able toproduce continuously.The company stated it is relocating its ASIC machines to”energy cost optimized locations”to make sure production stability and ideal capacity utilization in an attempt to reach its production target of 350 BTC per month.Related: Public Bitcoin mining companies afflicted with$4B of cumulative financial obligation On Jan. 6, Pandoraland reported that a person of the largest Bitcoin mining operations in North America, Marathon Digital Holdings, has been explore overclocking to increase its competitive benefit in the BTC mining industry.According to an upgrade issued by Marathon Digital Holdings, it produced 475 BTC in December

, bringing its overall mined Bitcoin in the fiscal 2022 to 4,144 BTC, a 30 %increase from the 3,197 BTC produced in fiscal 2021. Just recently, some Bitcoin mining companies have actually faced difficulties due to the increasing trouble of mining and the cost of electrical power. This has triggered a decrease in mining success and led some miners to shut down their operations. Others have actually reported significant revenue growth and increases in mining power, thanks to much better mining hardware and mining software optimization.