Core Scientific to borrow $70M from investment bank B. Riley
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.
Latest Core Scientific News
Did Core Scientific engage in securities fraud? Pomerantz LLP intends to find out
Core Scientific faces allegations of "securities fraud and other unlawful practices" that led to its share price tumbling, ultimately forcing it to file for bankruptcy.
BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network
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.
BTC miner Core Scientific files for bankruptcy
Despite the filing, Core Scientific expects to continue operating normally, won’t liquidate assets and has entered into restructuring support agreement with creditors.
Texas BTC miners shut down operations due to record-breaking heat wave
The heat wave in Texas is setting new records, leading to a spike in electricity demand by the residents, and BTC miners have to take a back seat.
Core Scientific spending spree continues
The firm entered into a sales agreement with strategic partner Bitmain Technologies Limited to buy a mix of its S19, S19 Pro, S19J, and S19J Pro Antminers hardware rigs.
Blockchain startup Blockcap rolls out aggressive growth plans
New player Blockcap forecasts to deploy over 40,000 ASIC miners by the fourth quarter of 2021, according to reports.
Ex-Core Scientific veterans lead block reward mining startup Blockcap
By leveraging its newly assembled hashing power, the company expects to benefit from the economies of scale in purchasing equipment and managing energy cost to achieve higher returns.
ASIC server arms race keeps rising as Core Scientific binges on servers
Core Scientific is planning to increase current capacity by threefold by purchasing over 58,000 ASIC hardware miners from Bitmain.
Core Scientific ramps up hardware fleet with new Bitmain deal
Core Scientific will buy 17,595 units of Bitmain's S19 Antminer machines, to be delivered over the next four months.
Kristy Leigh Minehan: Bitcoin SV is treating miners right
Kristy Leigh Minehan continues to spread the message that BSV is giving power to miners.
CoinGeek Toronto Conference 2019: Kristy-Leigh Minehan on BSV mining
Kristy Leigh Minehan explained to the Toronto crowd that BSV is giving miners a voice and giving them the right incentives.