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BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan
23.12.2022
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures
One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry
22.12.2022
Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.
On Wednesday, the firm filed for Chapter 11 bankruptcy protection in Texas....
Inside Core Scientific’s Prearranged Bankruptcy
21.12.2022
The world’s biggest publicly traded crypto miner filed for Chapter 11 protection today
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...
Core Scientific, One of the Largest Bitcoin Miners, Files for Bankruptcy Protection
21.12.2022
The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court
Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy
21.12.2022
Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices
Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
21.12.2022
A source told CNBC that bankruptcy proceedings would not impact operations
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...
Stock price for troubled Bitcoin miner Core Scientific surges 200%
16.12.2022
After a flurry of bad news throughout 2022, the miner has been offered a lifeline which could enable it to see out the current Crypto Winter
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
15.12.2022
B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy
Bitcoin Miner Core Scientific's Lender Wants to Give Miner $72M to Avoid Bankruptcy
14.12.2022
Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."
Bitcoin Miner Firm Core Scientific Posts $400 Million Quarterly Loss – Bankruptcy Soon?
23.11.2022
Bitcoin (BTC) mining firm Core Scientific could be next in line for a bankruptcy filing, after posting a loss of well over $400m in the third quarter.
The company, which is known as the largest publicly listed Bitcoin miner in the US, has now lost a whopping $1.7bn for the year after a new...
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
Bitcoin Mining Giant Core Scientific Ended October with $32M in Cash
22.11.2022
Core Scientific said it might run out of cash before the end of the year and lawsuits are piling up
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...
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”...
Core Scientific may consider bankruptcy following uncertain financial condition: Report
1.11.2022
The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties
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
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...