DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy
More than 18 million tokens to be burned after the demand for the recovery tokens saw prices surge to as much as $113.
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Feb 7, 2023 at 9:44 a.m. UTC
Feb 7, 2023
Debt
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Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt
1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.
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Feb 3, 2023 at 10:09 p.m. UTC
Feb 3, 2023
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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.
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Feb 3, 2023 at 12:05 p.m. UTC
Feb 3, 2023
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Bitcoin Miner TeraWulf Restructures Debt
A slew of mining firms have restructured their debt loads while others are facing bankruptcy.
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Feb 2, 2023 at 4:02 p.m. UTC
Feb 2, 2023
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Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
The deal with investment bank B. Riley includes a share sale and some additional time for repayments.
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Jan 31, 2023 at 1:49 p.m. UTC
Jan 31, 2023
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BankProv Stops Offering Loans Collateralized With Crypto Mining Machines
The crypto-friendly bank wrote off $47.9 million in loans last year, primarily mining rig-collateralized debt.
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Jan 31, 2023 at 1:33 p.m. UTC
Jan 31, 2023
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Crypto Observers Maintain Risk-On Bias as US Debt Ceiling Nears
Observers said the "extraordinary measures" the U.S. Treasury Dept. has promised to implement after the limit is reached will likely ease financial conditions and keep risk as...
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Jan 18, 2023 at 10:01 a.m. UTC
Jan 18, 2023
Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan
The outstanding $20 million loan is secured by only $5 million in assets.
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Jan 13, 2023 at 1:17 p.m. UTC
Jan 13, 2023
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Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
The company also reiterated its expectation to have 23 exahash per second of computing power around the middle of 2023.
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Jan 5, 2023 at 4:25 p.m. UTC
Jan 5, 2023
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Stronghold Digital Mining Swaps Debt for Preferred Stock
The bitcoin miner has been reducing its debt since the summer.
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Jan 3, 2023 at 1:21 p.m. UTC
Jan 3, 2023