Here are the major stories and events to keep an eye on as 2023 gets underway. The last week of December was relatively quiet compared with the previous few weeks. Still, things may heat up aga...
Tag: Crypto infrastructure
Bitcoin’s mining industry is in survival mode. What’s in the cards for 2023?
Bitcoin miners are clinging to life. It’s a far cry from a year ago, when they were racing to keep up with incessant demand. So what’s in store for miners in 2023? Bankruptcies have...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
Argo Blockchain to sell Helios mining facility to Galaxy Digital
Bitcoin miner Argo Blockchain agreed to sell its Helios mining facility to Galaxy Digital for $65 million. The company has been trying to avoid bankruptcy as it struggles with cash flow issues ...
Bitcoin miner Argo Blockchain suspends Nasdaq trading pending announcement
Bitcoin miner Argo Blockchain requested that trading be temporarily suspended on Nasdaq pending an announcement by Wednesday’s open. Trading is expected to resume on Wednesday, it said in ...
2022 was an epic year for crypto and blockchain pros. Here’s the year in 11 charts
Here are some of the most significant events of 2022 told through charts. Bitcoin crashed around 65% year-to-date, dropping to $16,800 from $47,000 at the top of the year. As cryptocurrencies e...
Larry Cermak unpacks The Block Research’s 2023 Digital Asset Outlook Report
Episode 129 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Larry Cermak Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Sti...
Crypto miners bracing for impact from 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. “Please be p...
Caroline Ellison tells court she knowingly misled lenders: Bloomberg
Caroline Ellison, the former CEO of Alameda Research, told a federal court in New York that she knowingly misled lenders about how much the firm had been borrowing from the collapsed FTX crypto exchan...
British Columbia suspends new crypto mining energy requests
Crypto mining firms looking to start up in British Columbia province are out of luck, at least for the next 18 months as the Canadian province is temporarily refusing new requests from miners for powe...
Bahamas government says Bankman-Fried will depart Wednesday
Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, will depart the Bahamas on Wednesday evening to be extradited to the U.S., the Office of the Attorney General said in an emailed...
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...
Genesis and DCG creditor committee propose plan for asset recovery
Houlihan Lokey, an investment and financial services firm, presented a liquidity resolution plan on behalf of the creditor committee for the crypto broker Genesis and its parent company, DCG. Ge...
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...
Stocks mixed as bitcoin rallies
Bitcoin mining stocks tracked by The Block showed mixed results Tuesday, with about half trading up and the other half down. Bitcoin was up and trading a bit under $16,900 by market close, accor...
Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt. The miner would then...
Most miners tracked Bitcoin lower
Most bitcoin mining stocks tracked by The Block fell on Monday, in line with the coin’s price. Bitcoin prices were around $16,600 by market close, according to data from TradingView. ...
Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb sinc...
Bitfarms nets $3.6 million gain from de la Pointe property sale
Mining firm Bitfarm, which has locations across the Americas, sold a property in de la Pointe, Quebec for a net profit of $3.6 million. The de la Pointe property used hydroelectric power from H...
Derivatives platform Paradigm lines up new exchange partnerships post-FTX
Paradigm, the crypto derivatives platform, suffered a big hit to trading volumes following the collapse of FTX. Now, the startup is lining up new exchange partners to try to recapture what it lost. &#...
Why FTX’s collapse is a ‘crucible moment’ for Solana
Episode 125 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko. Listen below, and subscribe to The Scoop ...
Embattled crypto lender Amber Group raises $300 million
Singapore-based crypto lender Amber Group today announced a $300 million fundraise that comes amid layoffs and refocusing at the company. Amber said in a tweet that it had closed a Series C roun...
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. CSOP Bitcoin Futures ETF and CSOP Ethe...
Bitcoin miner CleanSpark slashes 2023 hashrate guidance on build-out delays
Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium. “Just recently, they ...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
Argo Blockchain tumbles 38% after bankruptcy gaffe
Bitcoin mining stocks tracked by The Block showed mixed results with about half a dozen trading up and the others down. Argo Blockchain’s shares plunged 38% in the UK and 37% in the U.S. i...
Six crypto staking firms detail how they’re faring in the current market
Layoffs at crypto firms have grabbed the headlines in the aftermath of FTX’s collapse, but it’s not all grim news in the sector. None of the staking firms the The Block spoke to reported dismissals, a...
TeraWulf’s stock tumbles 33% Digihost more than 11%
Most bitcoin mining stocks tracked by The Block declined on Monday, though half a dozen were higher. Bitcoin prices were around $17,100 by market close, according to data from TradingView. ...