Cryptocoins News / Finance Magnates - 1 year ago
<p> Core Scientific, a publicly-listed <a href="https://www.financemagnates.com/terms/c/crypto-mining/" target="_blank" id="b7de0d78-81b9-460d-b33d-311d7d0dff0e_1" class="terms__main-term">crypto m...
Cryptocoins News / The Cointelegraph - 1 year ago
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had “wildly oversold” its mining and hosting businesses. A New Yor...
Cryptocoins News / Blockchain - 1 year ago
In 2022, Culper Research reported that Core Scientific had oversold its mining and hosting operations in 2021 and waived a 180-day lockup term of approximately 282 million shares, allowing them to be dumped in March. Pomerantz LLP reported that Core...
Bitcoin News / Google News Bitcoin - 1 year ago
Core Scientific to Shut Down 37000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting cos...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Lawyers representing the Bitcoin miner said the company was losing north of $53,000 daily due to a hosting agreement with Celsius.The company will shutter hosting services for 37,000 Bitcoin mining rigs owned by the defunct crypto lende...
Cryptocoins News / The Cointelegraph - 1 year ago
Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700. Bankrupt cryp...
Cryptocoins News / The Cointelegraph - 1 year ago
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures. A United State bankruptcy court has granted Bitcoin (BTC)...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Miner Core Scientific Files for Chapter 11& & The Wall Street JournalBitcoin miner Core Scientific files for bankruptcy& & Yahoo FinanceBitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining& & CNBC