Mining
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Core Scientific said the transferred machines are "no longer necessary" for its "current operations and future business plans."
Oluwapelumi Adejumo 2 min read
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Marathon reports 45% increase in BTC production in January
The company currently holds 11,418 Bitcoin and said it would continue to sell some of its assets in the future to cover operational costs.
Mining
Bitcoin mining’s carbon footprint: How to make crypto more eco-friendly
Bitcoin mining is sometimes criticized for its high carbon footprint. Renewable energy and energy-efficient mining may lessen cryptocurrency's environmental effects.
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Mining
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
The Bitcoin miner restructured its debt with its creditors, giving it more time to repay and further opportunities to reduce its debt burden.
Bankruptcy
BlockFi permitted to auction mining equipment
Courts have determined that the bankrupt crypto lender can sell specific assets.
Mining
Bitcoin difficulty hits new ATH rising by 4.68%, further securing the network
Bitcoin saw second largest positive adjustment in difficult level in over a year
Legal
Argo Blockchain hit with class action lawsuit over IPO misinformation
Argo Blockchain is accused of failing to disclose that its business was highly susceptible to electricity costs and network difficulties.
Mining
Riding an electric wave Litecoin’s hashrate hits all-time high
LTC Hashrate climbs to 742.30 TH/s, a new record analysts say maybe a sign of Liteoin’s increasing strength and security
Bankruptcy
Core Scientific raised $500M from BlackRock, Apollo and others
Core Scientific also received over $50 million from these institutional investors in DIP loans to continue operations during bankruptcy proceedings.
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ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report
Mining
