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Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
18.1.2024
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy....
Bitcoin Miner Core Scientific Overcomes Bankruptcy, Eyes Stock Market Return
17.1.2024
Source: Adobe / artiemedvedev The major US-based Bitcoin miner Core Scientific has emerged from bankruptcy. The company is now preparing to return to the stock market. The United States Bankruptcy Court for the Southern District of Texas has confirmed Core Scientific’s Chapter 11 plan...
Bitcoin Price Prediction: BTC Nears $43,000 Amid Core Scientific Bankruptcy, Bukele Reelection & Grayscale ETF News
17.1.2024
In a dynamic week for the cryptocurrency market, Bitcoin price prediction is neutral as BTC is trading at $42,870 with a modest increase of less than 0.25% as of Wednesday. This uptick comes amidst a flurry of significant developments. Core Scientific, a prominent Bitcoin mining entity,...
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
16.1.2024
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January
Core Scientific Closes $55 Million Equity Offering for Bitcoin Mining Operations
8.1.2024
Source: AdobeStock Bitcoin mining company Core Scientific has disclosed the outcomes of its $55 million Equity Rights Offering (ERO). The ERO, created to raise funds, experienced oversubscription, with total subscriptions surpassing the $55 million cap. In a press release on January 8, the firm...
BitMEX Sends Bitcoin to the Actual Moon on Board of Peregrine + More News
5.1.2024
Source: BitMEX Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BitMEX Sends Bitcoin to the Moon on Board of Peregrine-1 Core Scientific to Settle $34M Claims from 70K Non-Existent Miners...
Core Scientific Finalizes Global Settlement Agreement, Will Emerge from Bankruptcy in January
21.12.2023
Crypto miner Core Scientific will emerge from bankruptcy in January, according to a press release from the company on Thursday. New opportunities ahead According to Thursday’s statement, the crypto miner has “reached an agreement in principle with all key stakeholders on the terms of a global...
Prepare for a North American Bitcoin Mining Infrastructure Boom + More News
15.12.2023
Source: AdobeStock / thodonal Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Prepare for the Next Bitcoin Mining Infrastructure Boom – BlocksBridge Consulting Bitcoin Miner Marathon...
Today in Crypto: Sony and MeetKai Reveal Metaverse Gaming Experience for Horror Film, ‘We Are in Early Stages of Bull Market’ Say Analysts
31.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Gaming news Sony Pictures and Spyglass Media Group partnered with AI and metaverse company MeetKai to create a virtual...
16 Joules per Terahash: Bitmain Unveils High-Efficiency S21 Bitcoin Miners at Hong Kong Summit
22.9.2023
Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash per second (TH/s) and 335 TH/s. Bitmain Launches 2...
Core Scientific cracks $77M Bitmain deal for 27K Bitcoin mining rigs
22.9.2023
The deal was first finalized in August with Anchorage as another party agreeing to equity stake in the bankrupt crypto miner
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
22.9.2023
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release
Bitmain to Invest $54 Million in Bankrupt Bitcoin Mining Company Core Scientific
22.9.2023
Digital asset miner Core Scientific announced a new partnership with Bitmain, a major player in the supply of Bitcoin mining and Artificial Intelligence (AI) computing hardware.
As part of the deal, Bitmain will invest $53.9 million in the company expanding their long-standing...
Celsius and Core Scientific Reach $45 Million Settlement Deal Following Mining Facility Dispute
15.9.2023
Digital asset miners Core Scientific and Celsius Mining have struck a $45 million deal over the Cedarvale mining site after months of litigation.
According to the court filing, both companies have resolved to settle all disputes in a deal that both companies describe as beneficial to the entire...
Celsius and Core Scientific propose $14M settlement for litigation
15.9.2023
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million
Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
15.9.2023
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: Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal
15.9.2023
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down
Core Scientific's bankruptcy plan includes equity stake for Bitmain and Anchorage
8.8.2023
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings
Core Scientific appoints Adam Sullivan as CEO amid restructuring process
4.8.2023
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September