Core scientific, one of the foremost crypto-traded mining companies in the US, announced during its press conference that it might likely go bankrupt due to the vast 97% decline in its bitcoin shares....
Tag: Miner
Large Bitcoin Miner Core Scientific Could File for Bankruptcy
One of the largest bitcoin miners – Core Scientific – could run out of cash by the end of 2022, which could prompt it to file for bankruptcy. The firm’s shares took a major punch following the news. C...
Bitcoin Miner Core Scientific On Verge of Bankruptcy
One of the world’s largest Bitcoin miners Core Scientific has raised a red flag that it could be running out of cash by the year-end and will eventually declare bankruptcy. With the sharp drop in the ...
Core Scientific shares fall 76% after the bitcoin miner warns it can’t pay debt
Core Scientific (CORZ) will not make debt payments due in October and November, according to a new securities filing. Shares of the bitcoin mining company were down as much as 76% on Thursday morning....
Why Bitcoin Miner Capitulation Has Concluded For This Cycle
Every crypto bear market has seen Bitcoin miner operations capitulating to stay financially afloat. This capitulation often marks a bottom for BTC and the crypto market, allowing it to consolidate bef...
Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars
October witnessed a surge in Bitcoin’s hash rate, which is pushing the metric to a new high of 245 exahashes per second. These changes led to a sharp decrease in the hashprice, resulting in a drop in ...
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s – Mining Bitcoin News
On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s orig...
Bitcoin Hash Price at All-Time Lows Amidst Dismal Miner Profitability
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest reward relative to hash po...
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable – Bitcoin News
A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpowe...
ASIC Miner Market to Grow by USD 125.57 Million in Five Years – crypto.news
The Application-Specific Integrated Circuit (ASIC) mining market size is expected to grow by USD 125.57 million from 2021 to 2026, at a CAGR of 6.74% during the forecast period, according to a report ...
Bitcoin Association Contacts Exchanges to Freeze the “Empty Block Miner” on BSV
As a major existing issue, an anonymous miner is creating “Empty Blocks” on the Bitcoin SV network. So the Bitcoin Association is taking action on this prevailing issue, contacting all crypto exchange...
Maple Finance Launches $300 Million Bitcoin Miner Lending Fund, Oryen Network the Better Option?
Maple Finance has announced it will be offering loans to Bitcoin miners looking to stay afloat in this bear market. The costs of mining the cryptocurrency have skyrocketed, with energy prices climbing...
Bitcoin Association pursuing criminal charges against miner mining empty blocks
Bitcoin Association, a non-profit responsible for the Bitcoin SV (BSV) blockchain, has revealed intentions to freeze block rewards and sue a malicious miner for breach of contract, according to an Oct...
Bitcoin Association Asks Exchanges to Block ‘Empty Block’ Bitcoin SV Miner
Some in the BSV community said miners were within their rights to mine empty blocks and were simply doing so because an economic decision had them deem the block subsidy itself a sufficient reward. &#...
Craig Wright’s BSV chain has been captured by a single miner
A single miner who has taken over 80% of the Bitcoin Satoshi’s Vision (BSV) mining hash rate has, as a result, taken complete control of the BSV chain. The miner has accumulated more than 9,000 BSV co...
Bitcoin Miner Digihost Under Risk of Delisting from Nasdaq
Crypto miner Digihost is under scrutiny and has been threatened with getting delisted by Nasdaq for trading below $1 for 30 consecutive days. The bitcoin miner is among the many that have fallen into ...
Bitcoin Association Wants to Freeze Block Rewards Associated with Bitcoin Miner
Alex Dovbnya Bitcoin Association seeking to pursue criminal charges against malicious miner who is affecting honest market participants Bitcoin Association, a Switzerland-based nonprofit organization ...
Bitcoin Miner Stronghold Digital Terminated a Hosting Deal Slashing Debt by 60%
The post Bitcoin Miner Stronghold Digital Terminated a Hosting Deal Slashing Debt by 60% appeared first on Coinpedia Fintech News Stronghold Digital Mining (SDIG) has terminated a hosting agreement wi...
Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%
The end of Stronghold’s deal with Northern Data will eliminate all profit sharing obligations, which it estimates would have been $10 million-$25 million (depending on the price of bitcoin) unti...
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs – Mining Bitcoin News
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage...
Bitcoin Miner Crusoe Energy Acquires its Big Rival Great American Mining
Bitcoin miner Crusoe Energy on Wednesday acquired its rival, Great American Mining (GAM), a North American mining company that converts stranded gas into Bitcoin mining power. Both Crusoe Energy and G...
Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM
The acquisition will add around 9% to Crusoe’s capacity, such that the firm will count 125 deployed flare gas-powered modular data centers. This will, in turn, increase its capacity to reduce CO2-equi...
Uranium Miner Cameco to Buy Stake in Westinghouse Electric
(Bloomberg) — Uranium miner Cameco Corp. is buying a stake in nuclear-power giant Westinghouse Electric Co., teaming up with Brookfield Renewable Partners in a deal valuing the business about $8...
Billionaire Anthoni Salim To Inject $1.6 Billion To Coal Miner Bumi Resources Through Private Placement
Anthoni Salim speaks during a news conference in Tokyo, Japan Yuriko Nakao/Bloomberg Shareholders of Indonesian coal miner Bumi Resources approved a plan on Tuesday to raise up to $1.6 billion by issu...
How to Choose the Best ASIC Miner
To stay ahead of the game, Bitcoin miners are expected to choose the most efficient ASIC miner to help them get the highest profit. Thus, let’s see how to choose the best ASIC miner for your crypto ac...
City of Niagara Falls Forces Blockfusion Bitcoin Miner to Shut Down Operations
Bitcoin miner Blockfusion has been ordered to shut down its operations due to violations of the local area’s zoning code. Crypto mining firm Bit Digital hosts 17% of its machines at Blockfusion mining...
Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash – Coinotizia
On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquis...
Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash – Mining Bitcoin News
On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquis...
Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure
The post Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure appeared first on Coinpedia Fintech News Bitcoin Miner, Greenidge Generation Holdings (GREE) anticipates a GAAP net l...
Bitcoin miner TeraWulf raises $17 million as it ramps up infrastructure build-out
Bitcoin miner TeraWulf raised $17 million in equity and debt. The company sold $9.5 million in common stock shares via a non-brokered deal with existing investors and drew an additional $7.5 million f...
Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise
Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans. Those also include other options such as “ongoing organic expansion,R...