Core Scientific Archives

Core Scientific

24 June, 2023

Embattled BTC miner Core Scientific files bankruptcy reorganization plan

Core Scientific filed for Chapter 11 bankruptcy protection in December, and in its new plan, it pledges to satisfy all...

Core Scientific to borrow $70M from investment bank B. Riley

Business

Steve Kaaru

7 February, 2023

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...

Did Core Scientific engage in securities fraud? Pomerantz LLP intends to find out

Business

Gavin Lucas

19 January, 2023

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...

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Business

Steve Kaaru

11 January, 2023

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...

BTC miner Core Scientific files for bankruptcy

Tech

Steve Kaaru

22 December, 2022

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...

Texas BTC miners shut down operations due to record-breaking heat wave

Tech

Steve Kaaru

15 July, 2022

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...

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Steven Stradbrooke

3 Dec 2024

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