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Core Scientific
Core Scientific To Shut Down Celsius Crypto Mining Equipment; Iran's Mining Outlook
Bitcoin miner Core Scientific will shut down mining rigs tied to Celsius Mining after a U.S. bankruptcy judge approved the motion to reject its contract. Both companies are undergoing Chapter 11 bankruptcies. Plus, courts in Iran have ordered the government to return thousands of seized crypto mining rigs, according to local media reports.
First Mover Americas: Bankman-Fried Pleads Not Guilty
The latest price moves in crypto markets in context for Jan. 4, 2023.
Core Scientific to Shut Down Celsius Crypto Mining Equipment
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.
Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
Bitcoin miners had a rough 2022, showing “how to not build a mining business,” Industry experts, however, don’t see 2023 as any better, unless the market improve significantly.
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan
BlackRock, which already was Core's largest shareholder, previously held $37.9 million of the miner's secured convertible notes.
Bitcoin Miners Powered Off as Winter Storm Battered North America
Computing power on the Bitcoin network dropped about 40% over the weekend.
Inside Core Scientific’s Prearranged Bankruptcy
The world’s biggest publicly traded bitcoin miner filed for Chapter 11 protection Wednesday. Here’s more details on what that means.
Bitcoin Miner Core Scientific Files for Chapter 11 Bankruptcy
Core Scientific (CORZ), one of the largest bitcoin (BTC) miners by computing power, filed for bankruptcy protection on Wednesday and reached a deal with some of its lenders to restructure its debt. "The Hash" panel discusses the latest fallout of crypto winter.
Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders
The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
A source told CNBC that bankruptcy proceedings would not impact operations.