2024-1-15 01:46 |
Bitcoin miner Core Scientific closes a $55M equity deal, oversubscribed, as it prepares to emerge from Chapter 11 bankruptcy in January 2023. origin »
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Celsius has filed a motion in its bankruptcy case to resolve ongoing litigation and disputed contracts and claims, seeking court approval of a settlement agreement and purchase agreement with Core Scientific.
2023-9-15 14:30 | |
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Prime Core Technologies, the parent entity of crypto custodian Prime Trust, reports an $8 million shortfall from TerraUSD investments. The loss was disclosed in an Aug. 24 filing with the Bankruptcy Court for the District of Delaware in the United States. The…
2023-8-25 13:15 | |
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Core Scientific, one of North America’s largest crypto mining companies, recently filed an updated restructuring plan in its Chapter 11 bankruptcy case. The comprehensive plan involves major crypto-native companies Anchorage Digital and Bitmain taking equity stakes in Core Scientific.
2023-8-9 18:30 | |
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If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.
2023-8-9 00:48 | |
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The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.
2023-8-8 17:02 | |
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The company claims to have seen a boost in liquidity in recent months and is expected to emerge from bankruptcy proceedings by the end of the year.
2023-8-5 19:14 | |
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Quick Take Among Bitcoin miners, the most remarkable performance this year has come from Core Scientific, whose value has impressively soared by over 1000%. Notably, this substantial upswing came on the heels of the company filing for bankruptcy and laying out reorganization plans just two weeks prior.
2023-7-4 18:30 | |
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Bankrupt miner Core Scientific has filed a potential Chapter 11 reorganization plan, as seen in a document submitted to bankruptcy court on June 21. The reorganization plan awaits approval. The introduction of the latest filing describes the plan as a “joint chapter 11 plan of reorganization.
2023-6-22 12:00 | |
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Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector.
2023-6-22 02:00 | |
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Bitcoin miner Core Scientific has filed its Chapter 11 bankruptcy plan six months after it filed for Chapter 11 bankruptcy in December 2022. The firm filed for the Chapter 11 plan in the Southern District of Texas Houston Division Bankruptcy Court.
2023-6-22 17:14 | |
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Core Scientific stated that its liquidity got a boost since filing for chapter 11 bankruptcy. It cited rising Bitcoin prices, increased network hash rate, and lower energy costs as reasons for The post Bitcoin miner Core Scientific files for bankruptcy plan appeared first on AMBCrypto.
2023-6-21 16:30 | |
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As Bitcoin mining firm, Core Scientific faces a significant challenge with the ongoing bankruptcy proceedings, it has taken a determined step towards ensuring its sustainability. The company recently submitted a Chapter 11 plan, a move that showcases its intentions to revamp its operations while satisfying the claims of its creditors. The Chapter 11 plan was […]
2023-6-21 13:45 | |
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The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims.
2023-6-21 11:56 | |
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Crypto custodian BitGo said on June 8 that it signed a term sheet to acquire 100% equity in Prime Core Technologies, the parent company of Prime Trust. BitGo said the acquisition would allow BitGo to offer a “full suite of solutions” to institutional clients and fintech companies.
2023-6-9 01:58 | |
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Bankrupt crypto miner to exit bankruptcy by September this year. The latest developments led to a 7% hike in Core Scientific's share price. Crypto mining firm Core Scientific is reportedlyThe post Core Scientific to exit bankruptcy by September 2023 appeared first on AMBCrypto.
2023-5-24 14:30 | |
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Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.
2023-5-23 01:55 | |
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The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
2023-4-28 16:00 | |
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The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices.
2023-3-22 00:00 | |
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Core Scientific had stopped paying Priority Power Management in May 2022.
2023-3-21 00:00 | |
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The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.
2023-3-2 03:55 | |
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The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.
2023-3-2 03:55 | |
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Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley iThe post Core Scientific to borrow millions from investment bank after court approval appeared first on AMBCrypto.
2023-2-1 15:30 | |
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Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B.
2023-2-1 21:35 | |
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Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loan from investment bank B.
2023-2-2 21:16 | |
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BlackRock Inc. has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The post Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors appeared first on BeInCrypto.
2023-1-2 19:55 | |
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The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures.
2022-12-24 05:34 | |
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The world’s biggest publicly traded crypto miner filed for Chapter 11 protection today.
2022-12-22 01:17 | |
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The biggest news in the cryptoverse for December 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wrapped Daily.
2022-12-22 00:40 | |
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Coinspeaker Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.
2022-12-21 16:12 | |
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Key Takeaways Core Scientific was worth over $4 billion last summer, but is down 985 form all-time highs Rising electricity costs are hiking costs with falling Bitcoin prices hurting revenue With hash rate near all-time highs, the entire mining industry is struggling The crypto winter continues to take victims.
2022-12-21 15:58 | |
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One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.
2022-12-21 15:32 | |
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Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc.
2022-12-21 14:47 | |
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Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on December 21 at the Southern District of Texas bankruptcy court. The post Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities appeared first on CryptoSlate.
2022-12-21 14:20 | |
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The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court.
2022-12-21 12:17 | |
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The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
2022-12-21 12:17 | |
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Core Scientific has filed for Chapter 11 bankruptcy protection in Texas due to to reduced Bitcoin mining profits and increasing costs. The post Bitcoin Mining Company Core Scientific Succumbs to Crypto Winter, Files for Bankruptcy appeared first on BeInCrypto.
2022-12-21 12:15 | |
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What many suspected after the news broke in late October has now become a reality. One of the largest publicly traded Bitcoin mining companies in the U. S. , Core Scientific Inc. (CORZ), has filed for Chapter 11 bankruptcy, CNBC reported today.
2022-12-21 10:51 | |
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Core Scientific is reportedly filing for Chapter 11 bankruptcy protection in Texas due to falling revenue and BTC prices.
2022-12-21 10:25 | |
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One of the largest Bitcoin miners, Core Scientific, files for Chapter 11 bankruptcy protection, citing overloaded debt and bad market conditions.
2022-12-21 10:12 | |
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A source told CNBC that bankruptcy proceedings would not impact operations.
2022-12-21 09:30 | |
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B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.
2022-12-15 09:07 | |
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Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."
2022-12-15 23:37 | |
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Crypto markets were shaken to the core by the recent news that the world’s second-largest crypto exchange FTX was to file for bankruptcy in US courts. An $8 billion black hole was discovered in FTX’s balance sheet after dozens of customers withdrew their funds, and a potential takeover from arch-rival Binance fell through, leaving founder […] The post FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale appeared first on CoinJournal.
2022-12-9 13:25 | |
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Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin miner shows in a filing with the US Securities and Exchange Commission (SEC) that its third quarter losses stood at $434,792,000 at the end of […] The post Core Scientific reveals $434 million loss in Q3 appeared first on Invezz.
2022-11-23 18:42 | |
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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 community felt the impact, mainly through many crypto firms, including Celsius Network, Three Arrows Capital, Voyager Digital, etc.
2022-10-31 14:15 | |
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Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year.
2022-10-31 06:00 | |
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Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades.
2022-10-29 22:02 | |
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Industry leader Core Scientific is likely to file for bankruptcy by the end of the year, but other mining companies are in trouble as well
2022-10-29 20:29 | |
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Core Scientific, the world’s largest Bitcoin mining company has revealed some significant details about its financial health that has investors and stakeholders worried. In its latest filing wiThe post World’s largest Bitcoin miner may be heading towards bankruptcy appeared first on AMBCrypto.
2022-10-28 16:30 | |
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Key Takeaways: Tether unveiled Mining OS (MOS), a complete Bitcoin mining platform designed according to open-source model The system can implement from small-sized mining rigs at home to big multi-site The post Tether Open-Sources Bitcoin Mining OS, Targeting Home Rigs to Global Industrial Farms appeared first on CryptoNinjas.
Key Takeaways: Crypto industry and banking leaders met at White House to discuss about regulation on stablecoin yield. Talks aim to unlease bottlenecks, foster the progress of the Digital Asset The post White House Talks Stablecoin Yield as Crypto, Banks Push US Market Structure Bill appeared first on CryptoNinjas.
Key Takeaways: Billiton Diamond and Ctrl Alt have tokenized more than 280 million polished diamonds in the UAE. The program utilizes the use of the XRP Ledger, and Ripple offers The post Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL appeared first on CryptoNinjas.
By several measures, activity on the network remains near peak levels, which has industry leaders plussed about the plunge in ether's price.
Users can now lend FXRP to earn yield or use it as collateral to borrow other assets, giving XRP holders new ways to put their tokens to work onchain.
Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.
Last year marked the second-worst annual performance since Strategy adopted its bitcoin treasury strategy.