bitcoin mining

“At bottom, this is a business judgment decision. It may be very wrong, but we will see,” Bankruptcy Judge Martin Glenn said at the second-day hearing

It seems nobody is ready to let Celsius sell its mined bitcoin after the bankrupt crypto lender submitted vague plans for the cash.

The miner is cutting 10% of its workforce but expects to expand self-mining fleet by 36% in 2022

Consistent with its “long term” balance sheet management strategy, the company has not sold any bitcoin since early 2021

The company posted a quarterly record $127 million impairment on its bitcoin holdings

Core Scientific is looking to bolster its balance sheet to help navigate the bear market

Hut 8 has no intention of selling its bitcoins, though other miners are offloading the asset to cover operations and fund expansions

Staff has been slashed by 15%, while senior employees and execs have taken a 50% paycheck cut, the miner said

Despite its missed deadline last month, the publicly-listed company’s share price is up more than 13% on the day, though HIVE is down 76% YTD

The New York regulator said allowing Greenidge’s crypto mining operation could hinder the state’s efforts to meet its climate goals