The biggest news in the cryptoverse for Dec. 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wra...
Tag: Bankruptcy
Bitcoin miner Core Scientific files for bankruptcy
Publicly traded bitcoin mining company Core Scientific (CORZ) filed for Chapter 11 bankruptcy protection in a federal bankruptcy court in the Southern District of Texas early Wednesday morning. The ba...
Bitcoin Miner Core Scientific Files for Chapter 11 Bankruptcy
Core Scientific, one of the largest publicly traded cryptocurrency mining companies in the United States is filing for Chapter 11 bankruptcy. The company however plans to keep mining. According to rep...
Inside Bitcoin Miner Core Scientific’s Prearranged Chapter 11 Bankruptcy
Most of Core Scientific’s customers that already have machines or contracts with the company’s hosting business won’t be affected by the bankruptcy, said Cann. The company, however, is considering sel...
Most Bitcoin Mining Firms Towards Bankruptcy in 2022!
Major BTC mining firms move towards bankruptcy. Many couldn’t withstand the financial year 2023. Core Scientific files for Chapter 11 bankruptcy. The year 2022 couldn’t be denied that it has indeed ...
Distressed Investors Drawn to FTX Claims Following Bankruptcy
Claims of customers with assets stuck on FTX following its bankruptcy have started drawing the biggest names in distressed investing. During a bankruptcy, customers with frozen assets often face a le...
Stocks tumble as Core Scientific files for bankruptcy
Most Bitcoin mining stocks tracked by The Block declined on Wednesday, as Core Scientific filed for Chapter 11 bankruptcy protection. Bitcoin was up and trading a bit under $16,800 by market clo...
Core Scientific eyes sale of up to 1 gigawatt worth of facilities amid bankruptcy: Exclusive
Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection, The Block has learned. “The likelihood of us selling asset...
Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a 97% acquisition of the...
One of the Biggest Bitcoin (BTC) Miners in the Industry Files for Bankruptcy: Report
A prominent Bitcoin (BTC) and crypto mining firm is reportedly filing for Chapter 11 bankruptcy as the bear market takes its toll on the industry. According to a new report by CNBC, Core Scientific, o...
Core Scientific Files For Bankruptcy Protection, Plans To Continue BTC Mining
This year has been difficult for Core Scientific, one of the major Bitcoin mining companies in the world, as a result of the precipitous decline in the price of Bitcoin as well as the rising cost of e...
Core Scientific files for Chapter 11 bankruptcy, mining operations will continue
Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc. has filed ...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, ...
Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabi...
Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
According to reports, Core Scientific has submitted a petition for protection under Chapter 11 of the U.S. bankruptcy code in the state of Texas due to declining revenues and prices of bitcoin. Only a...
FTX locates $1 billion in assets with $720 million in cash amidst the bankruptcy
FTX continues to fight for a rebound amid its bankruptcy issue. Meanwhile, the new management has announced allocating $1 billion in assets with $720 million in cash. The objective is to resolve the f...
Tether restarts from the bankruptcy of FTX
Tether restores confidence among investors by ceasing lending activities but more importantly calming everyone about hedges by avoiding the problems FTX had run into. Coinbase is pushing its users to ...
Publicly traded crypto miner Core Scientific files for Chapter 11 bankruptcy
Core Scientific, one of the world’s largest publicly traded bitcoin miners, filed for Chapter 11 bankruptcy protection as this year’s slump in crypto prices claimed another victim. T...
Bitcoin miner Core Scientific reportedly filing for Chapter 11 bankruptcy
Just days after a creditor offered to help Core Scientific avoid possible bankruptcy, reports have emerged confirming the Bitcoin (BTC) mining company’s fate. Core Scientific is reportedly filing for ...
Bitcoin Miner Core Scientific To File Bankruptcy, Stock Tanks 30%
Core Scientific, one of the world’s biggest bitcoin mining stocks, is reportedly preparing to file for bankruptcy on Wednesday after struggling under the weight of its debt. The Texas-based firm’s cas...
Bitcoin Mining Firm Core Scientific Filing Chapter 11 Bankruptcy
Bitcoin News B. Riley wanted to forestall a Chapter 11 bankruptcy filing. The US-based mining corporation sold off 1576 BTC during the month of September. Numerous companies operating in various subse...
Core Scientific Files for Bankruptcy as Bitcoin Price Remains Weak
Core Scientific, a prominent publicly traded crypto mining company in the United States, has filed for Chapter 11 bankruptcy protection in Texas. The development comes on the back of a prolonged crypt...
Core Scientific Takes Bankruptcy Route Amid Struggling Operations
Core Scientific, the world’s largest publicly-traded crypto miner based out of the United States is ultimately filing for Chapter 11 bankruptcy in Texas on Wednesday morning. Core Scientific joins the...
Another Bitcoin Miner Teeters on the Edge of Bankruptcy
(Bloomberg) — Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the US, warned that it may seek bankruptcy protection while entering into debt restructuring ta...
Crypto Twitter Reacts To Core Scientific Filing For Chapter 11 Bankruptcy
Core Scientific is filing for Chapter 11 bankruptcy protection in Texas on Wednesday, December 21. It is one of the largest publicly listed crypto mining companies in the U.S. Core Scientific has deci...
Bitcoin Miner Core Scientific Files for Bankruptcy: Report
Once prominent Bitcoin miner – Core Scientific – is the latest one planning to file Chapter 11 bankruptcy protection in Texas. Mining companies are experiencing turmoil and a lingering crisis of confi...
Bitcoin miner Core Scientific set to file for Chapter 11 bankruptcy protection: CNBC
Bitcoin miner Core Scientific is planning to file for Chapter 11 bankruptcy protection in Texas in the early hours of Wednesday morning, according to a CNBC report. One of the largest publicly ...
BlockFi Files Motion With Bankruptcy Court to Release Customer Funds
22 seconds ago | 2 mins read Defi News Withdrawals and transfers from BlockFi Interest Accounts will not be affected. The bankruptcy court will conduct a hearing on January 9 to determine the result. ...
Coinbase hit an all-time low yesterday but says it’s not all bad news. Mostly.
It’s been a tough year for crypto. But Coinbase, whose stock has been flirting with an all-time low, laid the ground for optimism in its 2023 Crypto Market Outlook. Factors including susta...
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Bitcoin (BTC) miner Greenidge Generation has entered into a $74 million debt restructuring agreement with crypto lender NYDIG, according to a Dec. 20 SEC filing. The restructuring — which is expected ...
Auros bankruptcy protection filing shows it lost $20m to FTX
Auros’ bankruptcy protection filing shows the decentralized finance project lost $20 million to the now-defunct FTX exchange. The firm has filed a liquidation request in a British Virgin Islands court...