– Advertisement – The NYDIG has agreed to settle a debt of $38.6 million owed by Core Scientific Inc. The crypto mining firm will send 27,403 crypto mining rigs to NYDIG as part of the ag...
Tag: NYDIG
Bitcoin Mining Firm Core Scientific To Sell 27k Gears To Settle NYDIG Debt
45 mins ago | 2 mins read Bitcoin News A few days before the holidays in 2022, the firm filed for bankruptcy. As part of its 2020 expansion, the company borrowed $77.5 million. In order to settle a $3...
NYDIG agrees to settle Core Scientific’s $38.6m debt
Core Scientific Inc. has agreed to send 27,403 crypto mining rigs to the NYDIG. The NYDIG will settle a debt of $38.6 million in exchange for the rigs. Core Scientific Inc. and the New York Digital In...
Core Scientific And NYDIG Agree To Settle $38.6 Million Debt
Core Scientific and NYDIG have reached an agreement to settle the $36.8 million debt owed to NYDIG. The crypto miner will hand 27,403 crypto mining rigs to NYDIG to settle the debt. The settlement has...
Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt
The once-prominent bitcoin miner Core Scientific inked an agreement with the New York Digital Investment Group (NYDIG) to hand over 27,403 of its mining machines and thus pay off an outstanding debt o...
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Bitcoin (BTC) mining company Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge enter...
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the sev...
Greenidge Reduces Debt with NYDIG
The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount t...
Greenidge Repays $59 Million Towards $76 Million Debt to NYDIG
21 seconds ago | 2 mins read Bitcoin News Greenidge transferred Bitcoin mining gear and some credits to NYDIG. The loan deal allows for a possible principal amount reduction to about $7 million. Inves...
NYDIG Bitcoin Funds Near $1 Billion – Trustnodes
NYDIG, a branch of the Stone Ridge Asset Management, has sold close to $1 billion worth of bitcoin through its numerous funds. The biggest by far is the NYDIG Institutional Digital Asset Fund. This is...
The State of Bitcoin Development in 2022: NYDIG
The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its t...
Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG
Satoshi Nakamoto, Bitcoin’s pseudonymous founder, published his white paper on Oct. 31, 2008, and subsequently launched the Bitcoin network on Jan. 3, 2009. He was soon joined by five other contributo...
Bitcoin Miner To Sell Rigs Worth $60M To Cover NYDIG Debt
US bitcoin mining firm Greenridge has entered a non-binding agreement to settle a $74 million debt with NYDIG as concerns mount over its financial longevity. The firm, which controls its own power pla...
Bitcoin miner Greenidge reaches debt restructuring agreement with NYDIG
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74.7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec. ...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a Dec. 20 filing with the United States Securities and Exchange Commission, Bitcoin (BTC) miner Greenidge has reached an agreement with its creditor, fintech firm NYDIG, to restructure ap...
Bitcoin Miner Greenidge Approaches NYDIG to Restructure $74M Debt
Greenidge suffers from serious debts of $74 million. Approaches NYDIG to restructure the debts to avoid bankruptcy for 2023. Greenidge is no longer an independent BTC mining firm. Though the year 20...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet...
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...
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal, which is currently in the form of a non-binding term sheet, NYDIG will purchase 2.8 exahash per second (EH/s) worth of Greenidge’s bitcoin mining machines, and extinguish $57 mil...
NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?
It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga a...
NYDIG Executives Noted Bitcoin’s Importance and FTX Bankruptcy Filing
Prominent bitcoin (BTC) company, NDYIG released an article written by co-founder and executive chairman Ross Stevens and research head Greg Cipolaro. The article titled “Through the Looking Glass: The...
NYDIG Launches Wolf an Accelerator for the Lightning Network
Stone Ridge Holdings Group, the parent company of Bitcoin infrastructure provider NYDIG has launched In Wolf’s Clothing (Wolf), an accelerator dedicated to the Bitcoin Lightning Network Layer-2 protoc...
NYDIG Lays Off Around 110 Employees Amid Crypto Winter
Bitcoin News A number of big crypto firms have already announced layoffs this year. New leadership at NYDIG includes Tejas Shah as CEO. NYDIG announced in January that it had secured $1 billion at a v...
Weeks Before Replacing its Top Executives, NYDIG Dismissed 30% of its Workforce (Report)
New York Digital Investment Group (NYDIG) – an investment management firm that offers a wide variety of bitcoin services – reportedly laid off around one-third of its staff in September. Not long ago,...
Bitcoin Firm NYDIG Slashes 110 Jobs Amid Ongoing Crypto Bear Market: Report
Bitcoin services company New York Digital Investment Group (NYDIG) has slashed about a third of its headcount, according to a Thursday report by The Wall Street Journal, citing people familiar with th...
NYDIG Sheds Over 30% Staff Weeks After $720M Bitcoin Fundraiser
Digital asset and crypto broker NYDIG is the latest to suffer the big freeze of crypto winter, as it has reportedly shed a third of its staff. Crypto trading and banking firm New York Digital Investme...
NYDIG Lays Off a Third of its Staff: Report
Despite raising hundreds of millions of dollars for its institutional bitcoin fund, NYDIG has let a third of its staff go The firm had raised $1 billion in October of last year with a valuation of $7 ...
One-third of Staff Laid Off in Digital Investment Group NYDIG: WSJ
New York-based digital investment group NYDIG laid off nearly a third of its workforce, about 110 people in total, according to the Wall Street Journal, citing sources with the matter on Thursday. The...
Crypto Biz: NYDIG stacks sats, Elon buys Twitter
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter. For all the doom and gloom surrounding crypto markets...
Digital Asset Firm NYDIG Raises Over $719,000,000 From Dozens of Institutional Investors Despite Crypto Winter
The Bitcoin (BTC) investment firm NYDIG says it raised nearly $720 million for its profitable company, despite the bear market. According to a new filing with the United States Securities and Exchange...