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Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
21.12.2022
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...
Argo Blockchain Plc requests the restoration of Trading on the London Stock Exchange
14.12.2022
Argo Blockchain plc happens to be a company actively engaged in activities related to cryptocurrency mining. At this point, the company has reached out and made an earnest enough appeal to the UK Financial Conduct Authority to once again restore the listing of its ordinary shares. In their opinion...
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
12.12.2022
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9
Bitcoin Miner Argo Blockchain Says It's Close to Restructuring Without Having to Declare Bankruptcy
12.12.2022
The London-based company warned, however, that there's no reassurance it will be able to do so
Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US
9.12.2022
The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing
Core Scientific in 'substantial doubt' of continuing without more cash
23.11.2022
The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments
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”...
BTC miner CleanSpark scoops up thousands of miners amid 'distressed markets'
2.11.2022
CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021
Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes
1.11.2022
Two analysts downgraded their recommendation on Argo's shares
El minero de bitcoin Argo no consigue recaudar US$27M y las acciones se desploman
31.10.2022
El sector de la minería de bitcoin está luchando contra el aumento de los precios de la energía y el estancamiento del valor de las criptomonedas
El minero de bitcoin Argo no consigue recaudar US$27M y las acciones se desploman
31.10.2022
El sector de la minería de bitcoin está luchando contra el aumento de los precios de la energía y el estancamiento del valor de las criptomonedas
Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
31.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain...
Argo Blockchain is at risk of closing if it fails further financing
31.10.2022
Argo Blockchain has been selling its Bitcoin holdings earlier this year to cut debt to Michael Novogratz’s crypto investment firm Galaxy Digital
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
Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%
7.10.2022
London-based bitcoin miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor
Argo Blockchain's Crypto Mining Margin Narrows to 20% as Natural Gas Prices Soar
9.9.2022
The miner signed a deal to host up to 32 megawatts of mining machines, which is enough power for around 10,000 rigs
Sell-Side Trims Targets for Bitcoin Miner Argo Blockchain
26.8.2022
Earlier this week, the bitcoin mining firm lowered its year-end growth projection from 5 EH/s to 3.2 EH/s
Bitcoin Miner Argo Blockchain Looks to Raise $25M-$35M For 4.1 EH/s Hashrate Target
25.8.2022
The firm is also looking to sign a deal for power in the next few months to avoid paying spot prices
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
24.8.2022
The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices