Celsius Gets Court Blessing to Sell Mined Bitcoin
By / August 17, 2022, 6:30 am EDT

“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

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Celsius is Burning Money but Still Can’t Sell its Mined Bitcoin
By / August 15, 2022, 12:04 pm EDT

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

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Crypto Miner Core Scientific Downsizing After $840M Impairment Charge
By / August 12, 2022, 4:56 am EDT

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

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Bitcoin Miner Hut 8 Misses Projections, but Soars 20%
By / August 11, 2022, 12:25 pm EDT

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

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Crypto Miner Marathon Digital Posts $192M Net Loss in Q2
By / August 8, 2022, 4:51 pm EDT

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

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Bitcoin Miner Core Scientific Strikes $100M Stock Deal After Dumping BTC
By / July 22, 2022, 1:07 pm EDT

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

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Crypto Mining Firms Take Different Approaches to Selling Bitcoin
By / July 14, 2022, 8:04 am EDT

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

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Compass Mining Searches for Direction After Top Execs Resign
By / July 8, 2022, 4:30 am EDT

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

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Blockchain Miner HIVE Receives Letter of Deficiency from Nasdaq
By / July 5, 2022, 11:34 pm EDT

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

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Bitcoin Miner Greenidge Faces Setback as Regulator Denies Permit Application
By / July 1, 2022, 4:46 pm EDT

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

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