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| August 15, 2018

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CVS Gets a Boost From More Prescription Sales

August 8, 2018 |

CVS Health reported higher revenue in the latest quarter as the pharmacy chain benefited from prescription volume growth by expanding relationships with pharmacy-benefit managers and health plans.
WSJ.com: US Business

Papa John’s Blames Founder for Sales Drop

August 8, 2018 |

Sales were way down at Papa John’s outlets across the country in July—and “Papa John” himself is the reason why, the company says. President and CEO Steve Ritchie revealed Tuesday that sales were down 10.5% in July, and said “results have been challenged by recent events,” CNN reports….
Newser

Bigger Sales Than Apple? China’s Huawei Doesn’t Need the U.S.

August 4, 2018 |

Smartphone sales are falling globally, but a Chinese tech giant whose devices most Americans can’t even buy is doing booming business, while nipping at the heels of Apple.
WSJ.com: What’s News Asia

Kraft Heinz Hurt by Weaker North American Sales

August 3, 2018 |

Weaker sales in the U.S. and Canada weighed on Kraft Heinz’s performance, as the food conglomerate posted sales growth of less than 1% in its second quarter.
WSJ.com: US Business

Apple’s Revenue, Earnings Top Views on Strong App Sales

July 31, 2018 |

Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services such as app-store sales swelled to a record.
WSJ.com: US Business

How Sellers Trick Amazon to Boost Sales

July 29, 2018 |

The digital giant battles click farms, reviewers-for-hire and other scams as merchants try to outsmart its product-ranking system.
WSJ.com: What’s News Asia

How Sellers Trick Amazon to Boost Sales

July 28, 2018 |

The digital giant battles click farms, reviewers-for-hire and other scams as merchants try to outsmart its product-ranking system.
WSJ.com: US Business

Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada

July 27, 2018 |

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in Canada

In recent mining news, AMD has reported declining sales of mining hardware during the second quarter of 2018, Hut 8 has claimed to now comprise the largest bitcoin mining company in Canada by operating power following the construction of its second facility, and Chinese authorities have shut down what they have described as “illegal” mining operations taking place in the autonomous Xinjiang Uyghur region in the country’s north-west.

Also Read: Binance Prepares to Enter the South Korean Market

AMD Reports Declining GPU Sales During Q2

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in CanadaMajor manufacturer of graphics cards (GPUs), Advanced Micro Devices (ADM), has become the latest mining chip maker to report declining sales during Q2, 2018.

It the company’s latest quarterly earnings report, AMD reports a 3% quarter-to-quarter decline in revenues generated by the company’s Computing and Graphics division. The chief executive officer of AMD, Lisa Su, also indicated that roughly 6% of the company’s revenue came from mining hardware sales during Q2 – down from 10% during Q1.

The report states: “Computing and Graphics segment revenue was $ 1.09 billion, up 64 percent year-over-year and down 3 percent quarter-over-quarter. Year-over-year revenue growth was driven by strong sales of Radeon products and continued growth of Ryzen products. The quarter-over-quarter decline was primarily related to lower revenue from GPU products in the blockchain market.”

Looking forward, the report anticipates further decline in GPU sales, stating: “For the third quarter of 2018, AMD expects revenue to be approximately $ 1.7 billion, plus or minus $ 50 million, an increase of approximately 7 percent year-over-year, and non-GAAP gross margin to increase to approximately 38 percent, driven by the sales growth of Ryzen and EPYC products, partially offset by lower sales of GPU products in the blockchain market.”

Hut 8 Completes Construction of Second Facility, Claims to be Largest Miner in Canada

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in CanadaHut 8 Mining Corp. has announced the completion of the construction of its second bitcoin mining facility which is based in the city of Medicine Hat.

According to a press release issued by Hut 8, the new facility hosts 40 “BlockBox datacenters” at the site, representing “48 MW of operating power.” The company now claims to wield a total of “66.7 MW of fully-funded operating power.“

Andrew Kiguel, the president and chief executive officer of Hut 8, stated: “As a result of our employees’ hard work, our partners at the Bitfury Group and the cooperation from the City of Medicine Hat, our construction is complete – ahead of schedule and on budget. We are pleased to have surpassed our September 2018 completion target. With 66.7 MW of aggregate operating capacity, we believe we are the largest cryptocurrency miner in Canada and the largest publicly-traded cryptocurrency miner by operating capacity in the world. In addition, we are actively pursuing further opportunities to deliver value to our investors.”

Since beginning operation in December 2017, Hut 8 claims to have mined more than 1,900 BTC.

China Cracks Down on “Illegal” Mining in Autonomous Xinjiang Uygur Region

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in CanadaChinese media have reported that the Xinjiang Uygur Autonomous Region Economic and Information Technology Commission has issued a “notice on the removal of illegal mining enterprises” which demands that mining companies in the region cease operations by the 30th of August.

The notice specifically targets “Unauthorized mining enterprises that fail to go through the formalities of industrial and commercial registration, tax registration, social security and other insurances in accordance with national laws and regulations” and “non-regulated electricity use.”

The notice adds that “the main body responsible for the […] illegal use of electricity shall be the power generation enterprise.”

When do you think that demand for mining hardware will again show growth? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, hut8mining.com


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The post Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada appeared first on Bitcoin News.

Bitcoin News

Survey finds big gap in quality of sales approach at Tesla from store to store

July 26, 2018 |

One in four Tesla retail stores are among the best in the auto industry at treating prospective buyers with respect and turning them into paying customers, according to a market research firm.

But many other Tesla retail stores are the worst at doing those things — in such numbers that Tesla stores…


L.A. Times – Business

CNN

After shooting, Toronto wants to ban handgun sales in the city

July 26, 2018 |

Days after a deadly shooting rampage in Toronto, its city council voted overwhelmingly to urge its federal government to ban the sale of handguns in the city.
CNN.com – RSS Channel – Regions – Americas