The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a variety of philanthropic organizations backed by the exchange. During the COVID-19 pa...
Tag: Scientific
Bitcoin Miner Core Scientific Facing Lawsuit for Improperly Disclosing Financials
Crypto mining firm Core Scientific has been hit with a lawsuit after failing to disclose a series of adverse financial circumstances in its statements to shareholders this year, according to a court f...
Mining Firm Core Scientific Faces Lawsuit Over Financial Disclosures
7 hours ago | 2 mins read Bitcoin News Mei Pang, the plaintiff and a shareholder, claims the business intentionally misled investors. Previously, the defunct crypto lender Celsius filed a lawsuit on S...
Core Scientific Announces October Updates
• Operating approximately 243,000 owned and colocated ASIC servers • Produced 1,295 self-mined bitcoins AUSTIN, Texas–(BUSINESS WIRE)–Core Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or “the Co...
Core Scientific may consider bankruptcy following uncertain financial condition: Report
Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers. According to a Nov. 1 report from Blo...
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
Core Scientific’s woes reflect the depressed state of the bitcoin mining industry, with firms facing the squeeze of a bitcoin bear market and higher energy costs. Most recently, bitcoin miner Ar...
BlockFi faces heavy losses from its loan to Core Scientific
Listen to this article. Last week, the fledgling US-based miner Core Scientific, which has been selling most of its bitcoin throughout this year announced that it’s ready to go through bankruptcy proc...
BlockFi faces heavy loses from its loan to Core Scientific
Last week, the fledgling US-based miner Core Scientific, which has been selling most of its bitcoin throughout this year announced that it’s ready to go through bankruptcy proceedings with creditors a...
Bitcoin Mining Firm Core Scientific Stock Plunges Amid Bankruptcy Rumors
The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have struggled, while others had to close shop. The crypto commun...
Core Scientific Shares demoted as SEC Filing Hints at Probable Bankruptcy
Core Scientific looks like it is inclining towards filing bankruptcy. Core Scientific also explains that it will not be capable of doing loan payments for the month October and in the beginning of Nov...
Financially Distressed Core Scientific Owes $1 Billion To Creditors
Core Scientific, a major publicly traded crypto mining company in the U.S., on Friday raised the possibility of bankruptcy in a statement filed with the SEC (Securities and Exchange Commission). Block...
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy – Coinotizia
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company m...
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy – Mining Bitcoin News
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company m...
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Prominent Bitcoin (BTC) mining firm Core Scientific has revealed in a court filing that it is contemplating bankruptcy as a possible solution since it is unlikely to be unable to pay its debts shortly...
Core Scientific reveals financial distress in SEC filing, says its end may be near
Bitcoin miner Core Scientific filed forms with the United States Securities and Exchange Commission on Oct. 26 indicating that will not make payments due in late October and early November. The compan...
Amidst 97% Decline in Its Stock, Bitcoin Miner Core Scientific Issues Bankruptcy Warning – crypto.news
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....
Bitcoin Mining Giant Core Scientific on the Brink of Bankruptcy
Bitcoin mining giant Core Scientific in a filing with US Securities and Exchange Commission informed that they are halting all debt payments. A leader in blockchain infrastructure – Core Scientific, s...
Bitcoin Mining Firm Core Scientific Likely to File For Bankruptcy
59 seconds ago | 2 mins read Bitcoin News Nasdaq-traded shares of the company dropped by 70% immediately after the news broke. The miner said Celsius’s refusal to pay was costing it almost $53,000 per...
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....
Core Scientific Stock Price Plummets 70% as It Considers Bankruptcy
Core Scientific’s existing cash resources will be depleted by the end of 2022 or sooner, according to a company filing Research analysts expect the miner’s creditors could agree to restructure the deb...
World’s largest Bitcoin mining firm Core Scientific on the verge of insolvency
Core Scientific, one of the world’s largest publicly traded Bitcoin mining companies, is on the verge of insolvency. In an Oct. 26 SEC filing, the company said its operating performance and liquidity ...
Celsius Network defaults on payments to Core Scientific, causing financial unrest
Crypto lender Celsius Network’s legal journey has gained another chapter as Bitcoin (BTC) miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankr...
Core Scientific Wants $2 Million From Celsius Asset Register
As Celsius contemplates an asset sale at an upcoming hearing, Texas-based crypto miner Core Scientific has asked the company to pay its outstanding bills. Core Scientific has asked a bankruptcy court ...
Core Scientific Again Raises Bitcoin Mining Hosting Rates
“All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory,” at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining servi...
Coinbase CEO To Sell 2% of His COIN To ‘Fund Scientific Research’
Coinbase went public via direct listing in April 2021 — since then, its shares have tumbled close to 80% “For the avoidance of doubt, I intend to be CEO of Coinbase for a very long time,” Armstrong tw...
Coinbase CEO Brian Armstrong To Sell Portion of His Shares To Fund Scientific Research
The chief executive of top US crypto exchange Coinbase says he’s going to sell a portion of his company shares to fund scientific research. Coinbase CEO and billionaire Brian Armstrong tells his 1.1 m...
Coinbase CEO To Sell 2% Of His CoinBase Holdings For Scientific Research
The post Coinbase CEO To Sell 2% Of His CoinBase Holdings For Scientific Research appeared first on Coinpedia Fintech News Coinbase CEO Brian Armstrong confirmed plans to sell his 2% stake in the cryp...
Brian Armstrong Will Sell 2% Of His Coinbase Holdings To Fund Scientific Research
It’s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap, the Coinbase leader is focusing his sights on hard science. To announce ...