In the same week that crypto-friendly Silvergate Bank said it would close operations, bitcoin mining company Marathon Digital paid off its term loan. It terminated its credit facilities with the bank....
Tag: facilities
Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a s...
Marathon Ends Credit Facilities with Silvergate, Prepays Loan
Marathon Digital, a leading Bitcoin miner, cuts ties with Silvergate Bank in the latest development aired on March 09. This development came at a time when Silvergate Capital Corporation (the parent c...
Marathon Digital terminates credit facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations...
Marathon ends its credit facilities with Silvergate, prepays loan
Bitcoin miner Marathon Digital Holdings said it repaid its term loan and ended its credit facilities with liquidating Silvergate Bank, reducing its debt by $50 million. “We have been actively ...
Rivian, Tesla, and 2 Other EV Makers Are Recalling Vehicles
Monday is looking like recall day for electric-vehicle makers. A few have showed up on the National Highway Traffic Safety Administration website. Recalls from the large players don’t look serious. Re...
Ford to raise production as U.S. auto sales start to recover
Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022. The automaker announced Friday tha...
Plug Power stock dips on revenue miss, but execs stick with annual sales forecast as new factory ramps up
Green-energy provider Plug Power Inc. on Wednesday stuck with its full-year sales forecast, despite fourth-quarter sales missing expectations. The company — which sells renewable hydrogen fuel and fue...
Tesla Signs Battery Material Deal With Korea’s L&F
Tesla investors are having a busy week and it’s only Tuesday. Ahead of the week’s main event, an analyst day on Wednesday, investors have to digest news about batteries as well as EV demand in China a...
Former facilities worker who allegedly set up a secret cryptocurrency mining operation
After skipping a planned court appearance to respond to accusations, a former facilities worker who is accused of setting up a covert bitcoin mining operation inside a Massachusetts school’s cra...
Adani Credit Facilities Expose Collateral Web Full of Red Flags
(Bloomberg) — Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk. Most Read from Bloomberg Norway’s largest...
Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankru...
These 20 AI stocks are expected by analysts to rise up to 85% over the next year
There are always fads in the stock market, but now we are in the midst of what could turn out to be a revolutionary trend that will last much longer than any fad — artificial intelligence. In the Need...
Bed Bath & Beyond Narrowly Avoided Bankruptcy. What Happens Now?
Bed Bath & Beyond fought its way back from the brink of bankruptcy this week, striking a deal that promises a more than $1 billion-dollar lifeline. But while the move should help the embattled ret...
Therapy for “crypto addiction” is now provided in upscale recovery facilities
Join Our Telegram channel to stay up to date on breaking news coverage Mike once invested as much as $240,000 per week in cryptocurrency exchanges. He had sporadic sleep and would get up early to chec...
Russia To Build New Power Facilities In Siberia As Crypto Mining Demand Soars
As the war in Ukraine continues in its 10th month, the Russian Federation recently announced a possible increase in energy production as demand from crypto miners increased. This increase in crypto mi...
Core Scientific Might Sell Facilities They Planned to Use in 2023
Core Scientific may stay in the business after bankruptcy. The company may sell some of their facilities. Crypto winter has influenced the mining industry to a great extent. The Company Plans To Stay ...
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...
Possible Ronaldo Comeback? Soccer Star Reportedly Trains At Real Madrid’s Facilities After Manchester United Fallout
Topline After a tumultuous fallout with English Premier League club Manchester United, Cristiano Ronaldo returned to the training facilities of his former team, Real Madrid on Wednesday, Spanish outle...
AI is dominating the action in the stock market right now
OpenAI, the developer of ChatGPT, is receiving billions of dollars in funding from Microsoft Corp. MSFT, -0.20%. The rollout of this new technology has been followed by similar efforts by Alphabet Inc...