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Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022
8.11.2022
The miner is targeting 9 EH/s for the end of the year, but maintains it will reach 23 EH/s by the middle of 2023
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million
8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...
Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’
8.11.2022
On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring...
Bitcoin miner Iris Energy faces $103M default claim from creditors
7.11.2022
The company is facing a cash flow crisis due to tough market conditions
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
7.11.2022
The bitcoin miner will default on the loans tomorrow, unless it can reach a restructuring agreement with its lender
Bitcoin Miner Hive Blockchain Holds $68M of BTC, Has no Debt Costs on Equipment
7.11.2022
Canadian Bitcoin miner HIVE Blockchain currently holds 3,311 bitcoin worth $68.8 million, according to a production report released Monday
Bitcoin Miner Iris Energy Defended at Compass Point After Equipment Financing Woes
3.11.2022
Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations
Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs
2.11.2022
The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
2.11.2022
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated”...
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
1.11.2022
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities
1.11.2022
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million
1.11.2022
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J...
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
1.11.2022
Some of the miner's convertible bondholders are working with restructuring lawyers at Paul Hastings
Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes
1.11.2022
Two analysts downgraded their recommendation on Argo's shares
Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines
1.11.2022
The bitcoin miner has bought more than 26,500 mining machines and 116MW of facilities in the bear market
Bitcoin Miner Argo's $27M Fundraise Falls Through; Shares Plunge
31.10.2022
Argo Blockchain's plan to raise $27 million from a strategic investor has fallen through, the company said
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...
Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk
28.10.2022
Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades
Leading Public Bitcoin Miner Core Scientific to File for Bankruptcy
28.10.2022
The major publicly listed Bitcoin (BTC) mining company Core Scientific has admitted it could run out of money by the end of the year, and that bankruptcy is a possibility.
The company’s liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around...
Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup
26.10.2022
Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers