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Argo blockchain suspends trading on NASDAQ due to upcoming announcement
27.12.2022
The mining company has faced financial problems due to escalating energy costs and the falling price of Bitcoin
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...
Bitcoin mining pool BTC.com reports $3M cyberattack
26.12.2022
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack
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...
Blockware sued over alleged misrepresentation of miners' performance
24.12.2022
The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages
Public Bitcoin mining companies plagued with $4B of collective debt
24.12.2022
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market
Blockware Customer Accuses Bitcoin Mining Firm of Fraud
23.12.2022
Lawsuit seeks at least $250,000 of damages
Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues
23.12.2022
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High
23.12.2022
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards...
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
Europe’s Last Bitcoin Mining Refuge Is No Longer Viable
22.12.2022
Miners moved to northern Norway and Sweden to avoid high energy costs. Now, power prices are surging there, too
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....
Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022
21.12.2022
At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021
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 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
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...
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher
18.12.2022
Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals...
How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph
15.12.2022
Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
14.12.2022
Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...