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Core Scientific

(DALL-E/CoinDesk)
Finance
Analysis
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.
(DALL-E/CoinDesk)
By Eliza Gkritsi
Mar 2, 2023 at 4:40 p.m. UTC
Mar 2, 2023
AnalysisBitcoin MiningBankruptcyCore Scientific
Core Scientific's Marble facility in North Carolina. (Core Scientific)
Finance
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.
Core Scientific's Marble facility in North Carolina. (Core Scientific)
By Eliza Gkritsi
Mar 2, 2023 at 12:55 a.m. UTC
Mar 2, 2023
Core ScientificBankruptcyBitcoin MiningMining Centers
Core Scientific's Marble facility in North Carolina (Core Scientific)
Finance
Bitcoin mining
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.
Core Scientific's Marble facility in North Carolina (Core Scientific)
By Eliza Gkritsi
Feb 17, 2023 at 2:26 p.m. UTC
Feb 17, 2023
Bitcoin MiningMining CentersCore ScientificBankruptcy
(alvarez/Getty Images)
Finance
Regulations
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
(alvarez/Getty Images)
By Jack Schickler
Feb 10, 2023 at 9:47 a.m. UTC
Feb 10, 2023
RegulationsCelsiusBankruptcyCore ScientificBitmain
Core Scientific's Marble facility in North Carolina. (Core Scientific)
Finance
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.
Core Scientific's Marble facility in North Carolina. (Core Scientific)
By Eliza Gkritsi
Feb 3, 2023 at 12:05 p.m. UTC
Feb 3, 2023
Core ScientificBitcoin MiningMining CentersDebtNYDIGBankruptcyTexas
Bitcoin miners (Sandali Handagama/CoinDesk)
Finance
Core scientific
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."
Bitcoin miners (Sandali Handagama/CoinDesk)
By Jamie Crawley
Jan 31, 2023 at 4:54 p.m. UTC
Jan 31, 2023
Core ScientificBitcoin MiningBankruptcyUS
Core Scientific To Shut Down Celsius Crypto Mining Equipment; Iran's Mining Outlook
Video
Cdtv
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 un...
Core Scientific To Shut Down Celsius Crypto Mining Equipment; Iran's Mining Outlook
By CoinDesk Inc
Jan 4, 2023 at 8:50 p.m. UTC
Jan 4, 2023
cdtvaab clipCrypto-MiningIranCore ScientificBankruptcyCelsius mining
FTX founder Sam Bankman-Fried pleaded not guilty to eight criminal charges. (David Dee Delgado/Getty Images)
Markets
First mover
First Mover Americas: Bankman-Fried Pleads Not Guilty
The latest price moves in crypto markets in context for Jan. 4, 2023.
FTX founder Sam Bankman-Fried pleaded not guilty to eight criminal charges. (David Dee Delgado/Getty Images)
By Lyllah LedesmaOmkar Godbole
Jan 4, 2023 at 1:18 p.m. UTC
Jan 4, 2023
First MoverMarketsFTXSam Bankman-FriedCore Scientific
Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)
Finance
Core scientific
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 (Danny Nelson/CoinDesk)
By Eliza Gkritsi
Jan 4, 2023 at 1:10 a.m. UTC
Jan 4, 2023
Core ScientificCelsius NetworkBitcoin MiningMining CentersBankruptcy
(Monicore/Pixabay)
Finance
Bitcoin mining
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...
(Monicore/Pixabay)
By Eliza Gkritsi
Dec 30, 2022 at 7:42 p.m. UTC
Dec 30, 2022
Bitcoin MiningMiningCore ScientificMarathon Digital