Browsing Category
Mining
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing.
Core Scientific said the transferred machines are “no…
Bitcoin mining’s carbon footprint: How to make crypto more eco-friendly
Cryptocurrencies, such as Bitcoin (BTC), have been gaining popularity in recent years as a means of digital exchange. However, the environmental impact of Bitcoin mining and other cryptocurrencies has become a growing concern.
In this…
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement.The BTC miner was one of the several companies that had a difficult 2022…
BlockFi permitted to auction mining equipment
BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported Jan. 30.Bloomberg cited statements made by BlockFi representatives during a video hearing today.The company’s lawyer, Francis…
Bitcoin difficulty hits new ATH rising by 4.68%, further securing the network
‘s difficulty has risen by 4.68% in the second largest positive adjustment in a year to reach a new all-time high. The blockchain’s difficulty is set automatically within Bitcoin’s core code based on mining activity on the network.The below…
Argo Blockchain hit with class action lawsuit over IPO misinformation
Argo Blockchain investors have filed a lawsuit alleging that the crypto miner made misleading statements and concealed important information during its initial public offering (IPO) filing.The Texas-based Bitcoin mining firm went public on…
Riding an electric wave Litecoin’s hashrate hits all-time high
Litecoin (LTC )has been one of the best-performing big-cap tokens over the last several months, and its hashrate just hit a new all-time high, signaling some potential bullish activity on the network. After falling to a low of $40.60 back…
Core Scientific raised $500M from BlackRock, Apollo and others
BlackRock and Apollo Capital Management were among the group of creditors that loaned $500 million to defunct crypto miner Core Scientific, court filings show.Core Scientific, which filed for Chapter 11 bankruptcy last month, grew its…
TON validators to determine suspension of inactive miner wallets
Ton Blockchain (TON) validators will vote on suspending inactive miner wallets starting Feb.21, 2023, according to a company press release.
There are currently 195 inactive addresses in the TON network, according to the press release. Each…
BlockFi plans to sell $160M worth of BTC miner-backed loans
Crypto lender BlockFi — having filed for bankruptcy weeks after the collapse of FTX — is planning to sell around $160 million of Bitcoin (BTC) miner-backed loans, Bloomberg reported.The loans are collateralized by approximately 68,000 BTC…