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...
Tag: core
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...
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...
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...
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...
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 ...
Terra Classic Core Developers Quits; Price Tanks 5%
LUNC News Live Updates Dec 20: Fear mounts in the Terra Classic community as core developers including Edward Kim and Zaradar quit volunteer developer group Terra Rebels. The move comes after the cont...
Why Axie Infinity’s core development is thrilling and agonizing for AXS
Axie infinity topped other projects in terms of core development over the past year While the AXS price remained depresses, its network health was also faced with challenges Of every single project in...
Terra Classic Core Developer Zaradar Leaves Terra Rebels As Structural Cracks Appear
– Advertisement – Zaradar leaves the Terra Rebels. Tobias Andersen, AKA Zaradar, has left the Terra Rebels, a popular Terra Classic development group, per a tweet from the developer today....
Core inflation remains high, meaning more interest rate hikes coming
While inflation data came in last week which showed figures softer than the previous month in the eurozone, the US and the UK, the fight is far from over. Inflation remains extremely elevated around t...
Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency
Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over ...
Terra Classic Core Developer Debunks Oracle Pool Doomsday Narrative, Proposes Solution To Concerns
– Advertisement – Kim believes that the Oracle Pool will last longer than the 2-year window many predict. In a Medium blog post released yesterday, Terra Classic core developer Edward Kim ...
Mining Firm Core Scientific’ Stock Surges 2x Post $72M Funding
34 seconds ago | 2 mins read Bitcoin News Since January 2022, the NASDAQ-listed company’s stock has dropped by over 95%. The prospect of the company going bankrupt was also included in the earlier sta...
Core Scientific Receives 72 Mn USD Funding; CORZ Stock Surged 300%
Bitcoin miner Core Scientific met with good omen with receiving an offer of 72 million USD. The mining firm was embattled with a liquidity crisis and facing operational issues. One of the largest lend...
Stock price for troubled Bitcoin miner Core Scientific surges 200%
Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the fi...
Bitcoin Miner Core Scientific Receives $72M Offer From Creditor to Avoid Bankruptcy
One of Core Scientific’s largest lenders – B Riley – has offered to loan out $72 million to the embattled Bitcoin miner in a bid to avoid a potentially unnecessary and value-destructive bankruptcy pro...
Core Scientific continues its rally
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, Dec. 15, according to data from...