Core Scientific
Industry players plot continued scale, revenue diversification and a focus on high-performance computing as part of long-term plays
The mining giant is looking to purchase machines from struggling sector companies following next month’s Bitcoin halving
Core Scientific said the possible revenue from its multi-year deal with cloud provider CoreWeave exceeds $100 million
Bitcoin miners can incentivize the buildout of the continent’s power sources by serving as the customers of such projects, Marathon Digital exec says
Winter storms contribute to month-over-month declines in BTC production as the bitcoin halving approaches
Core said Tuesday that it had emerged from “from Chapter 11 with a strengthened balance sheet” and shares re-hit the Nasdaq Wednesday
The company seeks to emerge from bankruptcy on Jan. 23 and re-list its shares on Nasdaq the following day
FTX, Genesis, Core Scientific and Voyager continue to move forward with bankruptcy proceedings
The top performers with respect to realized hash rate gains in Q3 were Bitdeer, CleanSpark and Marathon Digital
The investment is part of a larger agreement that includes the supply of 27,000 Bitmain bitcoin miners
CEO Adam Sullivan spoke to Blockworks about the latest with Core Scientific at the Permissionless conference in Austin, Texas
This comes as a result of a monthslong bankruptcy battle between Core Scientific and Celsius
Adam Sullivan started mining bitcoin on the side in 2016 — now’s he’s the CEO of one of the biggest bitcoin mining companies in the world
Core Scientific has been navigating bankruptcy for the past eight months, and it plans to emerge from Chapter 11 later this year
Crypto stocks including Coinbase and Riot are posting robust gains, propelled by a strong showing for bitcoin over the year to date
The miner anticipates a promising liquidity boost of $46 million, surpassing the initial budget outlined during the filing process
Core Scientific will soon be operating over 207,900 bitcoin mining machines in total after a newly expanded contract with LM Funding
A court filing shows an ad hoc group of creditors, including Apollo, BlackRock, and MassMutual, acquired secured convertible notes issued by the miner
Some Bitcoin mining companies might be going bankrupt, but others are hanging onto massive treasuries
Amid bankruptcies, the fate of struggling crypto miners remains in flux, as some are better positioned to weather the crypto storm
Core Scientific plans to continue mining bitcoin throughout its bankruptcy, triggered by slumping revenue and unpayable debts
How long can bitcoin mining companies hold on to their coinbase rewards before being forced to sell?
Binance offering to buy FTX has sent crypto stocks tumbling, with service providers and bitcoin miners taking the brunt of the selloff
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