Operated approximately 213,000 owned and colocated bitcoin miners Produced 1,362 self-mined bitcoin and 403 bitcoin for colocation customers AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientif...
Tag: Scientific
Pharma companies team up with DeSci to accelerate scientific research
Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutic...
Nasdaq Gets a Healthy Dose of Psychedelics With Lucy Scientific
By Exec Edge Editorial Staff Lucy Scientific Discovery Inc. (Nasdaq: LSDI), which focuses on psychotropic drugs and had its initial public offering last week, rang the closing bell at the Nasdaq stock...
Core Scientific Announces January 2023 Production and Operational Updates
Operated approximately 206,000 owned and colocated ASIC servers Produced 1,527 self-mined bitcoin and 471 bitcoin for colocation customers AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific...
Core Scientific To Send 27k Mining Rigs To NYDIG To Settle $38.6 Million Debt
– 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...
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...
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used ...
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...
Core Scientific to borrow millions from investment bank after court approval
Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley in Decem...
Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley
Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loa...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
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-...
Motion to Sell $6 M Plus Bitmain Coupons Filed by Core Scientific
Not everything is going well for bitcoin mining firms; they all suffer from a trifecta of issues. Rising energy prices, increasing difficulty level, and decreasing BTC value. All these factors are res...
Core Scientific Is Bankrupt but Remaining Functional
Core Scientific – one of the world’s biggest crypto mining enterprises – has filed bankruptcy in recent weeks but is still expected to continue its mining operations in the region of Grand Forks, Texa...
Core Scientific files motion to sell over $6M in Bitmain coupons
Bankrupt Bitcoin (BTC) mining firm, Core Scientific, filed an emergency motion on Jan. 25, seeking to sell Bitmain coupons worth $6.6 million, according to court records. As per the filing, some cond...
Core Scientific seeks to sell $6.6 million in Bitmain coupons
According to the records submitted with the court, on January 25 the defunct Bitcoin (BTC) mining business Core Scientific filed an emergency application in which they asked authorization to sell Bitm...
Insolvent Core Scientific Files Petition For Selling $6.6M Bitmain Coupons
15 mins ago | 2 mins read Bitcoin News According to the filing, the vouchers are essentially worthless to Core Scientific. Core Scientific said that it will not be purchasing any more S19 miners. As s...
Core Scientific Seeks Court Approval to Sell $6M Bitmain Coupons
Lark Davis tweeted the 2022 growth in the number of BTC and ETH holders. The number of ETH holders has risen more than 260% in 2022. The 9-weekly EMA is about to cross the 20-weekly EMA on both ETH’s ...
Core Scientific to sell $6.6m valued Bitmain coupons
On Jan. 28, Core Scientific (CORZ) filed a motion to sell $6.6m worth of Bitmain coupons to pay its debts. The now-bankrupt US-based Bitcoin miner has been in talks with Bitmain and two other prospect...
BlackRock, Ibex Investors Among the Creditors that Rescued Core Scientific
Core Scientific, a NASDAQ-listed Bitcoin mining company, reportedly received $500 million worth of funds from giant financiers, including BlackRock, Apollo Capital, Kensico Capital, and Ibex Investors...
BTC Miner Core Scientific Raises $500M From BlackRock, Ibex Investors (Report)
The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and othe...
Core Scientific Is Next Crypto Firm to Go Bankrupt
Core Scientific – one of the largest digital currency mining firms in the world – has announced it’s filing for chapter 11 bankruptcy protection. The proceedings took place in a federal bankruptcy cou...
Core Scientific Mined Over 1,400 BTC in December Despite Bankruptcy Filing
One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positiv...
NY Business Examines Core Scientific Securities Fraud
A legal company located in New York has said that it has initiated an inquiry into whether or not Bitcoin miner Core Scientific and its leadership may have possibly participated in securities fraud an...
Core Scientific under investigation for potential securities fraud, following…
An NY-based securities class action firm is investigating Core Scientific for potential securities fraud. The investigation is to determine whether the actions of the company led to a decline in its s...
NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practice...
Core Scientific under investigation over securities fraud
New York-based firm Pomerantz LLP has initiated an investigation against Core Scientific over concerns that its executives were involved in securities fraud and activities that affected its stock pric...
Bankrupt miner Core Scientific Bitcoin production rose 5% in December
Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period,...
Core Scientific releases operational update as bitcoin mining revenue falls
Bitcoin mining firm Core Scientific has released its production and operational update for the last two months of 2022. Core Scientific mined 4,417 bitcoins In a press statement published on Jan.9, Te...