Core Scientific to Transfer $20M of Equipment to Settle Bankruptcy Dispute
A $20 million settlement between Bitcoin miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings. In a March 20 filing in the United States Bankruptcy Court for the Southern District of Texas, Judge David Jones signed off on allowing Core Scientific to transfer around $20.8 million worth of equipment to Priority Power. The companies had been in a dispute over two Texas-based mining facilities that were slated to receive 1,000 megawatts (MW) of power between them to increase Core Scientific’s mining capacity. (Cointelegraph)
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
The judge in Core Scientific's (CORZ) bankruptcy approved a settlement with the bitcoin miner's exclusive energy contract negotiator under which Core Scientific will transfer more than $20 million worth of electrical equipment to the supplier.
Bitcoin Miner Marathon Digital Reports $686.7M Net Loss for FY2022 Due to Impairments and Digital Asset Declines
The firm produced a record 1,562 bitcoin in Q4, and increased its bitcoin production 30% year-over-year from 3,197 BTC in 2021 to 4,144 BTC in 2022.
Solo Bitcoin Miner Defies Odds To Mine Valid BTC Block, Gets $150K Block Reward
A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain and received a 6.5 Bitcoin (BTC) block reward in return. The estimated value of the payout is over $150,000.
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
Operational issues across its bitcoin mining sites are weighing on Hut 8 Mining (HUT) as it tries to complete what would be one of the largest deals in the sector – the company's merger with U.S. Bitcoin Corp.
Argo States Daily Bitcoin Production Rose 7% in Feb Despite Increased Network Difficulty
Bitcoin (BTC) miner Argo said it mined 162 BTC or its equivalents in February, equating to 5.7 BTC per day, according to a March 7 operational update.
Bitcoin Miner Riot Delays 10-K Filing Due to Impairment Calculation Issues
Bitcoin miner Riot Platforms (RIOT) is delaying the filing of its annual 10-K report with the Securities and Exchange Commission due to issues raised by its accounting firm about the company's impairment calculations related to its bitcoin assets.
Bitcoin Miner Marathon Digital Sold Almost All Bitcoins Mined in February
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 650 bitcoins out of 683 bitcoins it mined in February.
Bitcoin Miner Riot Reports Rising Output, Triples Hashrate in 2022
Bitcoin miner Riot Platforms, Inc. reported revenue of $259.2 million for the year ending in December, which it says was a result of increased bitcoin production and a full year of hosting and engineering revenues.
Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues
Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. Securities and Exchange Commission (SEC) flagged technical accounting matters.
