Stronghold Digital Mining CEO Greg Beard discusses his outlook for the bitcoin mining industry as the collapse of crypto exchange FTX continues to ripple across the digital asset space and BTC sinks below $16,000. "The great unwind is happening now," Beard said.
Stronghold Digital Mining is restructuring its financing agreements to eliminate more than half its total debt and associated interest and principal payments. Co-Chairman and CEO Greg Beard shares his insights into the restructuring moves and the state of the crypto mining business. Plus, his take on the “misunderstanding” surrounding bitcoin mining and renewable energy.
Cryptocurrency lending platform Hodlnaut has filed an application with the Singapore High Court to be put under judicial management, a form of protection from creditors.