core scientific

AI Artwork Bitcoin Mining Sunset (DALL-E/CoinDesk)
Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter
After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.
AI Artwork Bitcoin Mining Sunset (DALL-E/CoinDesk)

CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)
Core Scientific Bankruptcy Approves $70M Financing Deal From B. Riley
The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.
CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)

CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)
Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Jet Company For Employees
The world's largest bitcoin miner by computing power made its last payment to the firm in October 2022.
CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)

3d rendering of crypto mining computer center
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors
3d rendering of crypto mining computer center

CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)
Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt
NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.
CDCROP: Core Scientific's Marble facility in North Carolina. (Core Scientific)

Aside from mining ethereum, the Boden HIVE Blockchain facility is also home to ASICs for mining bitcoin. (Sandali Handagama)
Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
Aside from mining ethereum, the Boden HIVE Blockchain facility is also home to ASICs for mining bitcoin. (Sandali Handagama)

Sam Bankman-Fried
First Mover Americas: Bankman-Fried Pleads Not Guilty
The latest price moves in crypto markets in context for Jan. 4, 2023.
Sam Bankman-Fried

Core Scientific CEO Mike Levitt
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.
Core Scientific CEO Mike Levitt

CDCROP: icy road ((Monicore/Pixabay)
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.
CDCROP: icy road ((Monicore/Pixabay)