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Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
31.1.2023
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
Core Scientific files motion to sell over $6M in Bitmain coupons
28.1.2023
Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows
GAIMIN Delivers a Decentralized Approach to the Increasing Requirement for More Data Processing Power
26.1.2023
The world-wide demand for data processing is increasing year-on-year, with data processing applications requiring ever increasing performance from data processing devices and services. Industries, such as Artificial Intelligence (AI), video rendering, powering blockchain computations, scientific...
NY law firm investigates potential 'securities fraud' at Core Scientific
10.1.2023
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had "wildly oversold" its mining and hosting businesses
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
4.1.2023
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make...
Core Scientific shuts down 37K mining rigs it was hosting for Celsius
4.1.2023
Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700
Core Scientific to Shut Down Celsius Crypto Mining Equipment
4.1.2023
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan
30.12.2022
BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core
2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate
29.12.2022
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded...
Bitcoin ASIC miner prices hovering at lows not seen in years
27.12.2022
ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace
Bitcoin hashrate recovers after big freeze shuts down miners
26.12.2022
The Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s
Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid
25.12.2022
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to...
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...