Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabi...
Tag: Scientific
Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
According to reports, Core Scientific has submitted a petition for protection under Chapter 11 of the U.S. bankruptcy code in the state of Texas due to declining revenues and prices of bitcoin. Only a...
Publicly traded crypto miner Core Scientific files for Chapter 11 bankruptcy
Core Scientific, one of the world’s largest publicly traded bitcoin miners, filed for Chapter 11 bankruptcy protection as this year’s slump in crypto prices claimed another victim. T...
Bitcoin miner Core Scientific reportedly filing for Chapter 11 bankruptcy
Just days after a creditor offered to help Core Scientific avoid possible bankruptcy, reports have emerged confirming the Bitcoin (BTC) mining company’s fate. Core Scientific is reportedly filing for ...
Bitcoin Miner Core Scientific To File Bankruptcy, Stock Tanks 30%
Core Scientific, one of the world’s biggest bitcoin mining stocks, is reportedly preparing to file for bankruptcy on Wednesday after struggling under the weight of its debt. The Texas-based firm’s cas...
Bitcoin Mining Firm Core Scientific Filing Chapter 11 Bankruptcy
Bitcoin News B. Riley wanted to forestall a Chapter 11 bankruptcy filing. The US-based mining corporation sold off 1576 BTC during the month of September. Numerous companies operating in various subse...
Core Scientific Files for Bankruptcy as Bitcoin Price Remains Weak
Core Scientific, a prominent publicly traded crypto mining company in the United States, has filed for Chapter 11 bankruptcy protection in Texas. The development comes on the back of a prolonged crypt...
Core Scientific Takes Bankruptcy Route Amid Struggling Operations
Core Scientific, the world’s largest publicly-traded crypto miner based out of the United States is ultimately filing for Chapter 11 bankruptcy in Texas on Wednesday morning. Core Scientific joins the...
Crypto Twitter Reacts To Core Scientific Filing For Chapter 11 Bankruptcy
Core Scientific is filing for Chapter 11 bankruptcy protection in Texas on Wednesday, December 21. It is one of the largest publicly listed crypto mining companies in the U.S. Core Scientific has deci...
Bitcoin Miner Core Scientific Files for Bankruptcy: Report
Once prominent Bitcoin miner – Core Scientific – is the latest one planning to file Chapter 11 bankruptcy protection in Texas. Mining companies are experiencing turmoil and a lingering crisis of confi...
Bitcoin miner Core Scientific set to file for Chapter 11 bankruptcy protection: CNBC
Bitcoin miner Core Scientific is planning to file for Chapter 11 bankruptcy protection in Texas in the early hours of Wednesday morning, according to a CNBC report. One of the largest publicly ...
Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency
Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over ...
Mining Firm Core Scientific’ Stock Surges 2x Post $72M Funding
34 seconds ago | 2 mins read Bitcoin News Since January 2022, the NASDAQ-listed company’s stock has dropped by over 95%. The prospect of the company going bankrupt was also included in the earlier sta...
Core Scientific Receives 72 Mn USD Funding; CORZ Stock Surged 300%
Bitcoin miner Core Scientific met with good omen with receiving an offer of 72 million USD. The mining firm was embattled with a liquidity crisis and facing operational issues. One of the largest lend...
Stock price for troubled Bitcoin miner Core Scientific surges 200%
Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the fi...
Bitcoin Miner Core Scientific Receives $72M Offer From Creditor to Avoid Bankruptcy
One of Core Scientific’s largest lenders – B Riley – has offered to loan out $72 million to the embattled Bitcoin miner in a bid to avoid a potentially unnecessary and value-destructive bankruptcy pro...
Core Scientific continues its rally
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, Dec. 15, according to data from...
Cash Crunch Mining Firm Core Scientific Manages $72M Funding
2 hours ago | 2 mins read Bitcoin News Core Scientific sold 9,618 BTC in April at a loss of $362 million. It was revealed that the company will run out of money before 2023. B. Riley, a provider of fi...
Bitcoin miner Core Scientific offers $72 million to stay solvent
In order to help the ailing business escape bankruptcy, investment bank B Riley, one of Core Scientific’s (CORZ) key creditors, has suggested a new $72 million financing package. B Riley: Most struggl...
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top l...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
Crypto Firm Core Scientific Says It’s Considering Bankruptcy
Core Scientific – one of world’s biggest publicly traded crypto mining firms – has announced it is considering bankruptcy protection as its stock has fallen by over 90 percent since the beginning of t...
Boston Scientific to acquire Apollo Endosurgery for $615 million in cash
Boston Scientific Corp. BSX, +1.18% said Tuesday it has agreed to acquire Apollo Endosurgery Inc. APEN, +65.17% for $10 a share, or about $615 million in cash. The news sent Apollo’s stock, whic...
Bitcoin mining company Core Scientific reports a $400 million quarterly loss – crypto.news
Core Scientific, a Bitcoin (BTC) mining company, may be the next to file for bankruptcy after reporting a third-quarter loss of more than $400 million. The business, regarded as the biggest publicly t...
Core Scientific might not make it past November 2023 after revealing $1.7B in losses
Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. In its quarterly report filed with the SEC, the company said “substantial doubt” exists...
Bitcoin Mining Firm Core Scientific Lost $1.7 Billion in 2022
Public-traded Bitcoin mining company Core Scientific has lost about $1.7 billion since the start of the year, according to its quarterly report filed with the United States Securities and Exchange Com...
Core Scientific reveals $434 million loss in Q3
Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin...
Core Scientific in ‘substantial doubt’ of continuing without more cash
Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly report filed with ...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...