Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
Tag: Crypto infrastructure
Coinbase loses Bison Trail co-founders: Sources
The co-founders of Bison Trails left Coinbase today, according to three people familiar with the situation. Joe Lallouz and Aaron Henshaw created Bison Trails to run infrastructure on multiple b...
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
The Block: Bitcoin mining report: Jan. 30
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with two gaining and the other 17 declining. Bitcoin fell 4.2% to $22,724 by market close. Here is a look at how the...
Bitcoin miner Gryphon releases operational update ahead of going public
Bitcoin miner Gryphon mined 71 bitcoin-equivalent coins in December, it said in an operational update after announcing plans to go public last week. The miner had an average hashrate of 0.625 EH...
Secret Labs and Secret Foundation battle it out openly
Guy Zyskind, founder and CEO of Secret Labs, raised a number of questions around the past operations of the Secret Foundation and its founder Tor Bair. Both entities support the Secret Network, a priv...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Bitcoin miner Gryphon going public via deal to buy cannabis software company Akerna
Gryphon Digital Mining is going public in a deal to buy Akerna Corp. in an all-stock transaction. Privately-held Gryphon, which claims to be a carbon neutral bitcoin miner, will buy the publicly...
Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities. The company said in a filing the initial project will consist ...
The Block: Bitcoin mining report: Jan. 26
Bitcoin mining stocks tracked by The Block were mostly higher on Thursday, with 13 gaining and 5 declining. Bitcoin rose 0.9% to $23,131 by market close. Here is a look at how the individu...
Bitcoin steady as altcoins pop, aptos hits all-time high around $20
Bitcoin was treading water at around $23,000, while ether and altcoins traded higher. Equities were mixed, with Silvergate down and Coinbase higher. Bitcoin was trading at $23,037 by 10:40 a.m. ...
Bitcoin miner Hut 8 takes dispute with power supplier to court
Canadian bitcoin miner Hut 8 is taking a contract dispute with its energy provider to court. The miner filed a statement of claim in the Superior Court of Justice of Ontario against Validus Powe...
The Block: Bitcoin mining report: Jan. 25
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and 12 declining. Bitcoin fell 0.5% to $22,936 by market close. Here is a look at how the indivi...
The Block: Bitcoin mining report: Jan. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 11 declining. Bitcoin rose 0.3% to $23,037 by market close. Here is a look at how ...
Celsius to store 20,000 mining machines, remains optimistic about new hosting sites
The mining arm of bankrupt lending firm Celsius will temporarily store 20,000 rigs it’s retrieving from Core Scientific and is optimistic about finding new hosting locations. The company h...
Wilshire to partner with FalconX as preferred digital asset index provider
Wilshire, the financial services firm, announced a partnership with crypto prime broker FalconX to provide institutional investors with access to the OTC crypto derivatives market. The firm, whi...
QuickNode reaches $800 million valuation in Series B round
QuickNode, a web3 infrastructure firm that provides blockchain development tools, reached an $800 million valuation in a $60 million Series B round. Dan Tapiero’s 10T Holdings led the roun...
BlockFi looks to sell bitcoin mining loans totaling $160 million: Bloomberg
Crypto lender BlockFi is looking to sell $160 million in bitcoin mining machine-backed loans amid its bankruptcy process. The bidding started last year and some of the loans may be under-collate...
The Block: Bitcoin mining report: Jan. 23
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and only one declining. Bitcoin rose 2.2% to $22,956 by market close. Here is a look at how the individual...
Ivan on Tech’s Moralis becomes latest crypto firm to cut headcount
Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block. “I...
Jump Crypto president unpacks the industry’s broken capital markets
Episode 1 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Jump Crypto President Kanav Kariya. Listen below, and subscribe to The Scoop on Apple, Spotify,...
The Block: Bitcoin mining report: Jan. 20
Bitcoin mining stocks tracked by The Block were higher on Friday, with 15 gaining and the other four declining. Bitcoin rose 5.3% to $22,216 by market close. Here is a look at how the indi...
Genesis owes more than $3.6 billion to top 50 creditors
Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
The Block: Bitcoin mining report: Jan. 19
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with 10 gaining and the other 9 declining. Bitcoin rose 1.7% to $21,099 by market close. Here is a look at how the indivi...
CleanSpark moves ahead with 50-megawatt expansion at recently acquired site
Bitcoin miner CleanSpark is moving forward with the expansion of its recently acquired site in Georgia, charging ahead even as the mining industry reels from months of tough economic conditions. ...
The Block: Bitcoin mining report: Jan. 18
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with one gaining and the other 18 declining. Bitcoin fell 2.6% to $20,781 by market close. Here is a look at how ...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...