PlayIconNav
BTC
$70,201.92+4.64%
ETH
$3,774.98+21.93%
BNB
$613.52+6.94%
SOL
$177.35+0.36%
XRP
$0.55579168+7.65%
DOGE
$0.16800402+10.44%
TON
$6.42-1.71%
ADA
$0.50481480+8.18%
AVAX
$40.56+12.56%
SHIB
$0.00002566+6.74%
WBTC
$69,979.40+4.37%
Ad

Debt

Mining rigs in Plattsburgh, N.Y. (Fran Velasquez/CoinDesk)
Finance
Debt
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
The company's North Dakota site was knocked offline in July due to an equipment failure in the substation feeding it power.
Mining rigs in Plattsburgh, N.Y. (Fran Velasquez/CoinDesk)
By Eliza Gkritsi
Aug 12, 2022 at 2:18 p.m. UTC
Aug 12, 2022
DebtMiningBitcoin MiningMining CentersNorth Dakota
Marathon Digital Holdings CEO Fred Thiel at the Bitcoin 2022 conference in Miami. (CoinDesk archives)
Finance
Bitcoin mining
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm doubled its credit from Silvergate Bank even as Marathon's operations are facing severe downtime and delays.
Marathon Digital Holdings CEO Fred Thiel at the Bitcoin 2022 conference in Miami. (CoinDesk archives)
By Eliza Gkritsi
Aug 2, 2022 at 2:37 a.m. UTC
Aug 2, 2022
Bitcoin MiningMarathon DigitalDebtLoans
(Image Source/Getty Images)
Finance
Coinflex
Crypto Exchange CoinFLEX Slashes Team Amid Cost-Cutting Push
The "significant" downsizing will lower costs by about 50-60%, CoinFLEX said.
(Image Source/Getty Images)
By Michael Bellusci
Jul 29, 2022 at 3:53 p.m. UTC
Jul 29, 2022
CoinFLEXJobsCrypto ExchangeDebt
CoinFLEX has proposed a plan to compensate depositors whose withdrawals have been suspended. (Shutterstock)
Finance
Coinflex
CoinFLEX Proposes Plan to Compensate Depositors, Restructure Business
The exchange wants to issue new recovery tokens and also give depositors equity in the firm and locked FLEX Coins.
CoinFLEX has proposed a plan to compensate depositors whose withdrawals have been suspended. (Shutterstock)
By Michael Bellusci
Jul 22, 2022 at 3:57 p.m. UTC
Jul 22, 2022
CoinFLEXRoger VerDebtCrypto Exchange
Su Zhu of Three Arrows (CoinDesk)
Finance
Three arrows capital
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.
Su Zhu of Three Arrows (CoinDesk)
By Oliver Knight
Jul 22, 2022 at 9:14 a.m. UTC
Jul 22, 2022
Three Arrows CapitalLoansLendingDebtBankruptcy
CoinFLEX restarts withdrawals. (FLY:D/Unsplash, modified by CoinDesk)
Finance
Coinflex
CoinFLEX Restarts Withdrawals With 10% Limit
Customers still won't be able to withdraw the platform's native token, though.
CoinFLEX restarts withdrawals. (FLY:D/Unsplash, modified by CoinDesk)
By Michael Bellusci
Jul 14, 2022 at 12:41 p.m. UTC
Jul 14, 2022
CoinFLEXRoger VerDebtCrypto Exchange
CoinFlex is taking its battles to arbitration. (artisteer/iStock)
Finance
Coinflex
CoinFLEX Begins Arbitration to Recover $84M in Delinquent Debt
The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”
CoinFlex is taking its battles to arbitration. (artisteer/iStock)
By Shaurya Malwa
Jul 11, 2022 at 12:13 p.m. UTC
Jul 11, 2022
CoinFLEXBusinessDebt
Argo Blockchain's Helios facility in Dickens County, Texas (Argo Blockchain)
Finance
Mining
Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan
The miner saw gains in bitcoin production in June, but its profit margin narrowed.
Argo Blockchain's Helios facility in Dickens County, Texas (Argo Blockchain)
By Eliza Gkritsi
Jul 7, 2022 at 9:10 a.m. UTC
Jul 7, 2022
MiningBitcoin MiningArgo BlockchainDebt
Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)
Finance
Mining centers
Core Scientific Sold Over 7K Bitcoins for About $167M in June, Sees More Sales
The crypto company plans to cash in on more self-mined bitcoins to cover expenses, growth and debt payments.
Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)
By Michael Bellusci
Jul 5, 2022 at 2:21 p.m. UTC
Jul 5, 2022
Mining CentersBitcoin MiningDebtLiquidity
Crypto miners face margin calls, defaults as debt comes due in bear market. (Andrew Khoroshavin/Pixabay)
Finance
Mining
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry pa...
Crypto miners face margin calls, defaults as debt comes due in bear market. (Andrew Khoroshavin/Pixabay)
By Eliza Gkritsi
Jun 30, 2022 at 4:48 p.m. UTC
Jun 30, 2022
MiningMarathon DigitalStronghold Digital MiningBitcoin MiningFinanceDebtMargin Calls