[Dec 21, 2022 6:32 AM] One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.Core Scientific has officially filed for bankruptcy.The filing followed a decline in the firm’s operating performance and liquidity.The giant…
[Dec 20, 2022 2:30 PM] 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…
[Dec 14, 2022 3:43 PM] The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.Core Scientific’s lender, B Riley, has stated its intentions of loaning out $72 million to the embattled publicly traded miner. Core…
[Nov 22, 2022 8:23 PM] 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.
[Nov 4, 2022 9:00 PM] More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin…
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