Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine.
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024.
Bitcoin Miners Reap Windfall as ‘Runes’ Debut Sends Transaction Fees to Record Highs
The Bitcoin “halving” was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor’s Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
Bitcoin Miners Must Optimize to Survive
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.
Celsius and Core Scientific propose $14M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.
Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
Marathon Digital Solidifies Position as World’s Largest Publicly Traded Bitcoin Miner
Marathon continues to pull away from the former leader, Core Scientific.
Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients
A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities.
Core Scientific moves for September bankruptcy exit, expects $46M boost
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.
‘Unjustly enriched’ — Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
Core Scientific debtors petition bankruptcy court to approve new president
The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings.
Crypto Miner Core Scientific Appoints a New President
Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
Gryphon sent $500,000 of Sphere 3D’s bitcoin to an address pretending to be its CFO.
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
Millions of dollars worth of electrical equipment will be transferred to the crypto miners’ exclusive energy negotiator to settle a payments dispute.
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter
After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.
Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley
The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.