Published on September 4th, 2015 | by bitcoin0
Bitcoin volatility leads to mounting losses for DigitalBTC
Even cloud mining providers are struggling to make ends meet, with the low Bitcoin price not doing anyone any favours.
Australian-based Bitcoin mining company DigitalBTC reported severe losses before and after taxation.
DigitalBTC: Millions in Losses Between June 2014 and June 2015
Being based in Australia is not helping DigitalBTC much either.
Bitcoin taxation only made the net losses for DigitalBTC worse, but the problems run far deeper than regulatory reasons.
Investors are getting a bit nervous due to the latest debacle between Bitcoin Core and Bitcoin XT developers, which has had a downward effect on the Bitcoin price as well.