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...
Tag: Scientifics
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
BlackRock comes to Core Scientific’s aid with a $17m loan
Investment juggernaut BlackRock has pledged $17 million to insolvent BTC miner Core Scientific as part of a new $75 million debt from the miner’s secured convertible note holders. According to a recen...
BlackRock among bankrupt miner Core Scientific’s creditors
Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week. Its subsidiaries committed $17 million of the new $75 ...
Inside Bitcoin Miner Core Scientific’s Prearranged Chapter 11 Bankruptcy
Most of Core Scientific’s customers that already have machines or contracts with the company’s hosting business won’t be affected by the bankruptcy, said Cann. The company, however, is considering sel...
Bitcoin Miner Core Scientific’s Lender Wants to Give Miner $72M to Avoid Bankruptcy
B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payment...
Core Scientific’s future is under “substantial doubt”
The bitcoin miner Core Scientific has voiced “substantial doubt” that they would be able to continue their activities over the course of the next year given the present status of the compa...
Bitcoin miner Core Scientific’s shares continue to fall post bankruptcy-warning announcement
Core Scientific is the second bitcoin mining firm faced with bankruptcy. Stagnant BTC prices may fall further during and post midterms. Rising energy rates and hash rates hurting miners’ profits. Anot...