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Tag: Scientific
Core Scientific Announces November and December 2022 Updates
Operated approximately 243,000 and 234,000 owned and colocated ASIC servers in November and December, respectively Produced 1,356 and 1,435 self-mined bitcoin, and 795 and 931 bitcoin for colocation c...
Core Scientific increases bitcoin production despite winter storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm. The company’s self-mining hashrate incr...
Celsius’ Mining Rigs to be Shut-down by Core Scientific
Celsius filed for bankruptcy on July 12, 2022, and Core Scientific filed on December 21, 2022. The plug will be pulled on Celsius’ mining rigs on January 3, 2022, as per court orders. The host compan...
Core Scientific Powers Down Celsius 37,000 Mining Rigs
Core Scientific is just one of the many names in the crypto ecosystem that is currently battling a liquidity crisis. Core Scientific Inc (OTCMKTS: CORZQ), the bankrupt crypto miner and hosting service...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific app...
Bitcoin Miner Core Scientific Reaches Agreement To Shut Off Celsius Mining Rigs
Core Scientific will shut off thousands of Celsius mining rigs, after the two bankrupt firms finally came to an agreement after months of dispute. One of the world’s biggest Bitcoin miners, Core Scien...
Bitcoin Miner Core Scientific Plans to Shut Down 37,000 Celsius Rigs
Troubled Bitcoin miner Core Scientific will shut down more than 37,000 crypto mining rigs belonging to bankrupt crypto lender Celsius Network as both firms finally reach an agreement in court. Core Sc...
Where Are All The Scientific Breakthroughs? Forget AI, Nuclear Fusion And mRNA Vaccines, Advances In Science And Tech Have Slowed, Major Study Says
Topline Despite surges in fields like AI, medicine and nuclear energy, major advances in science and technology are slowing and are fewer and farther between than decades ago, according to a study pub...
Core Scientific Cuts Power To 37K Celsius Miners
Core Scientific has come to an agreement with Celsius Network to shut down the 37,000 mining rigs that it was hosting for the latter. Power Cut To Celsius’s Rigs The Celsius Network has agreed to let...
In another blow to Celsius, Core Scientific shuts down 37,000 mining rigs
Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius. The Bitcoin miner’s share price has jumped over 81% following this decision. Bitcoin [BTC] mining firm Core Scientific ha...
Core Scientific Is Shutting Down 37,000 Celsius Crypto Mining Rigs
Editors News Core Scientific, a crypto miner has submitted a motion asking for permission to reject Celsius’ contracts. According to Core, Celsius had broken the terms of the agreements by failing to ...
Core Scientific will cut power to 37,000 Celsius miners: Bloomberg
Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. The agreement marks the ...
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific a New $17M Loan
BlackRock, which is Core Scientific’s largest shareholder according to FactSet data, already held $37.9 million in secured convertible notes as of Wednesday. The latest $17 million is part of th...
Core Scientific Gets $37.5M Loan to Stay Afloat
The world’s largest asset manager, BlackRock Inc., has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The loan is part of the...
BlackRock Offers $17M Loan To Insolvent Mining Firm Core Scientific
13 seconds ago | 2 mins read Bitcoin News BlackRock is Core Scientific’s biggest shareholder. On December 21st Core Scientific, filed for Chapter 11 Bankruptcy. According to a U.S. Securities and Exch...
Core Scientific might not survive: Why are all miners leaving?
Core Scientific says they don’t have the liquidity to survive 2022. They accrued a $1.7 billion loss in the last two quarters. The trio of stumbling blocks is to blame for players leaving the mining a...
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately...
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 ...
Bitcoin miner Core Scientific to access $37.5 million loan
Bitcoin miner Core Scientific has been given temporary permission by a U.S. bankruptcy court to obtain a $37.5 million loan from its creditors. With financing, Core Scientific would maintain its hosti...
BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan
A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues. Core Scienti...
Bitcoin Mining News: Core Scientific Filed For Bankruptcy
Core Scientific was among leading crypto miners in the crypto industry. The mining firm reportedly has 51-200 employees. Core Scientific, a global crypto mining company, filed for bankruptcy on Wed...
Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining
By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public. Major crypto mining company Co...
SBF to return to US; Core Scientific files for bankruptcy; Deribit transfers ETH to Alameda
The biggest news in the cryptoverse for Dec. 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wra...
Bitcoin miner Core Scientific files for bankruptcy
Publicly traded bitcoin mining company Core Scientific (CORZ) filed for Chapter 11 bankruptcy protection in a federal bankruptcy court in the Southern District of Texas early Wednesday morning. The ba...
Bitcoin Miner Core Scientific Files for Chapter 11 Bankruptcy
Core Scientific, one of the largest publicly traded cryptocurrency mining companies in the United States is filing for Chapter 11 bankruptcy. The company however plans to keep mining. According to rep...
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...
Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a 97% acquisition of the...
Core Scientific Files For Bankruptcy Protection, Plans To Continue BTC Mining
This year has been difficult for Core Scientific, one of the major Bitcoin mining companies in the world, as a result of the precipitous decline in the price of Bitcoin as well as the rising cost of e...
Core Scientific files for Chapter 11 bankruptcy, mining operations will continue
Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc. has filed ...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, ...