Bankrupt Core Scientific Reports Higher Bitcoin Production
Core Scientific, a publicly-listed crypto mining company, was able to increase its Bitcoin (BTC) production in December 2022, despite the Chapter 11 bankruptcy filed last month.
Core Scientific Increases Bitcoin Production Despite Winter Storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm.
Bitcoin Miner Core Scientific to Unplug 37k Celsius Network Mining Rigs
Core Scientific will shut down more than 37k Bitcoin mining rigs belonging to Celsius Network as the bankrupt lender has been unable to pay its share of electricity costs incurring millions in debt.
Core Scientific to Shut Down Celsius Crypto Mining Equipment
Bitcoin miner Core Scientific (CORZ) will shut down mining rigs tied to Celsius Mining, Core's largest client with over 37,000 machines, after moving to reject its contract in recent days.
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific a New $17M Loan
Investment giant BlackRock (BLK) has committed $17 million to bankrupt bitcoin miner Core Scientific (CORZ), which is part of a new $75 million loan from the miner's secured convertible note holders, according to a U.S. Securities and Exchange Commission filing that was filed on Dec. 29.
BlackRock Among Bankrupt Miner Core Scientific’s Creditors
Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week.
Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Core Scientific, Inc. and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Core Scientific, Inc. in the United States District Court of Western Texas Austin Division on behalf of all persons and entities who purchased or otherwise acquired Core Scientific securities between January 3, 2022 and October 26, 2022, both dates inclusive Investors have until January 13, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit. (globenewswire)
Court Approves Core Scientific’s Request for $37.5M Loan To Fund Restructuring
On Thursday, a bankruptcy judge in Houston, Texas, granted U.S. Bitcoin miner Core Scientific approval to obtain a $37.5 million loan from a group of creditors to fund its restructuring process.
Crypto Miners Are Curtailing Power for Impact of Brutal Winter Storm
Crypto miners are preparing for what could be a volatile weekend in the U.S. as a brutal winter storm brought bitter temperatures and power outages across much of the country.
Bitcoin Mining Companies Close Out Year $4 Billion in Debt
Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate Index.
