Dow Jones Newswires: Mining giant Fortescue sees annual profit tumble 40% on lower prices, higher costs
Fortescue Metals Group Ltd. reported a 40% fall in annual profit as iron-ore prices weakened and operating costs climbed.
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Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate.
While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.