Financial services platform B. Riley has offered Bitcoin miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec. 14 letter noting it's prepared to fund the first $40 million “immediately, with zero contingencies.” (Cointelegraph)

CleanSpark, Inc. America's Bitcoin Miner™, today reported financial results for the three and twelve months that ended September 30, 2022. "Our business model and capital strategy continue to be standouts in our industry," said Zach Bradford, CEO. "Despite macro headwinds in the economy and bitcoin mining industry, our infrastructure-first approach and financial discipline have allowed us to grow in this bear market. (prnewswire)

Argo Blockchain's shares plunged 38% in the UK and 37% in the U.S. in its first day of trading after the miner <a href="https://www.theblock.co/post/194230/bitcoin-miner-argo-accidentally-said-its-filing-for-chapter-11-but-is-actually-trying-to-avoid-that-fate-by-selling-assets">accidentally</a> published a document saying that it had filed for Chapter 11 bankruptcy.

A rural village in Kenya has been using off-grid energy generated using hydropower to mine Bitcoin (BTC) and power 500 families nearby.

Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries.

Kazakhstan is advancing new legislation to regulate local crypto miners.&nbsp;

Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines.

Bitcoin mining difficulty fell by a great margin on 6 December. This was one rare instance that happened after July 2021. The drop in difficulty at block height 766,080 was 7.32% as per the data on the BTC.com mining pool.

Gridless, a bitcoin mining company that is focused on rural communities in East Africa, has raised $2 million in a seed investment round led by Stillmark and Block, Inc., according to a press release sent to Bitcoin Magazine. This comes in addition to an angel round led by Factor[e].

The difficulty of mining a bitcoin block fell by 7.32% today, with miners powering off machines as a brutal bear market eats into profit. The adjustment at block height 766,080 is the biggest downward change since July 2021, data from the mining pool BTC.com shows. That was when hordes of miners dropped off the network following China’s ban on the industry. The country was the world’s biggest bitcoin mining hub at the time. (Coindesk)