Peter Wall steps down as CEO of struggling BTC miner Argo Blockchain
Peter Wall, who has been at the helm of the BTC miner for three years, says he is leaving to pursue other opportunities, with CFO Appleton and one senior board member also exiting.
Peter Wall, who has been at the helm of the BTC miner for three years, says he is leaving to pursue other opportunities, with CFO Appleton and one senior board member also exiting.
Core Scientific will use the funds to replace an existing credit facility from the same bank and to keep running for 15 months as it undergoes bankruptcy proceedings.
BlockFi told the court that the current upswing in the BTC mining sector makes it the ideal time to sell, with the judge approving a February 20 deadline for bids.
Twetch came out with a bunch of tooling within 48 hours of the public explosion of Ordinals NFTs and launched a mint of 69 “Planetary Ordinals” to kick off the party.
Revisions on the proposed virtual currency mining bill include the specification of the sub-types of permits available to miners and removing norms tied to mining services advertisements.
Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives to recover from a rough year for block reward miners.
Hut 8 is accusing Validus Power Corp. of failing to meet its contractual obligations for a power purchase agreement and is demanding monetary damages.
The plaintiffs claim that Argo Blockchain misrepresented some facts regarding the financial strength of the company in its security offering to the public.
Sophie Brochu has been the CEO of Hydro-Quebec for three years and during her tenure, she called on regulators to suspend the allocation of 270MW to BTC miners.
Argo received a warning from Nasdaq in December that it would be delisted if its price stayed below the threshold $1 mark as it struggled in the bear market.
Law enforcement confirmed that block reward mining rigs and machines were discovered at the two locations, and both used illegal electricity connections to mask their mining activity.
Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8 million to the bankrupt BTC miner since November.