BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures.
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Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a…
Bitcoin Miner Core Scientific Files for Bankruptcy: Report
Once prominent Bitcoin miner – Core Scientific – is the latest one planning to file Chapter 11 bankruptcy protection in Texas. Mining companies are experiencing turmoil and a lingering crisis…
Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy
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
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…
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher
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…
Microsoft Quietly Bans Crypto Mining From Cloud Services
In an effort to stabilize its cloud services, Microsoft’s updated terms are restricting access to Bitcoin and crypto mining. Any users who intend to do so now must receive pre-written…
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
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
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…
Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.
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