Bitcoin Miner Greenidge Says Continued Viability in ‘Substantial Doubt’
Bitcoin miner Greenidge announced that there is “substantial doubt” about its capacity to continue as a business, saying that its Board of Directors has actively discussed the possibility of voluntary bankruptcy.
Bitcoin Miner Greenidge Signs $74M Debt Restructuring Deal With NYDIG
Greenidge Generator has signed a non-binding term sheet with crypto lender NYDIG for a $74 million debt restructuring deal, as it continues to face liquidity issues due to the prolonged bear market.
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 firm can avoid bankruptcy.
Bitcoin Miner CleanSpark Slashes 2023 Hashrate Guidance on Build-Out Delays
Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium.
Bitcoin Miner CleanSpark Reports $42.3 Million Net Loss, Missing Estimates of $27M
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for the three months ending in September.
Bitcoin Miner Core Scientific's Lender Wants to Give Miner $72M to Avoid Bankruptcy
Investment bank B Riley, one of bitcoin miner Core Scientific's (CORZ) top lenders, has proposed a new $72 million financing<b> </b>plan<b> </b>so that the struggling company can avoid bankruptcy.
Bitcoin Miner TeraWulf Ups Hashrate Guidance by 16%, Raises $10 Million As Shares Plummet
Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%.
Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US
Trading in shares of London-based Argo Blockchain (ARBK) was suspended in the U.K. and U.S. on Friday. The exact reason for the suspension was not disclosed, but it typically is due to the pending release of news.
Bitcoin Miner 360 Mining Raises $2.25 Million As It Scales Natural Gas Production
Bitcoin miner 360 Mining raised $2.25 million in a new funding round and plans to deploy the funds to increase natural gas production and mining capacity.
Bitcoin Miner Marathon Won’t Bid on Bankrupt Compute North’s Assets, CEO Says
Crypto miner Marathon is not looking to buy any assets from <a href="https://www.theblock.co/post/172246/compute-north-files-for-chapter-11-bankruptcy">bankrupt</a> hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs a large portion of its machines.
