Bankruptcy
BlockFi permitted to auction mining equipment
Courts have determined that the bankrupt crypto lender can sell specific assets.
Mike Dalton 1 min read
Mining News
Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
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Top Mining Stories
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.
Latest Mining News & Analysis
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.
Bankruptcy
BlockFi plans to sell $160M worth of BTC miner-backed loans
The price of BTC mining rigs fell nearly 85% over the past year, causing some loans to become under-collateralized.
Mining
TON validators to determine suspension of inactive miner wallets
The vote will begin on Feb. 21, with a total balance of the inactive addresses adding up to 1.08 billion TON coins.
Mining
ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report
With earnings going from high to low in 2022, some miners struggled to pay the dues, resulting in more defaults, distressed asset sales, and acquisitions than ever before.
Mining
Bitcoin mining council Q4 2022 briefing shows a drop in sustainable energy usage
The Bitcoin network used 58.9% renewable sources last quarter vs. 59.4% the previous quarter.
