2023-2-10 15:58 |
The miner had recently warned it might stop paying off the debt to BlockFi. origin »
|
A slew of mining firms have restructured their debt loads while others are facing bankruptcy.
2023-2-3 19:02 | |
|
|
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 January 31 statement. The post Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley appeared first on CryptoSlate.
2023-2-1 21:47 | |
|
|
The deal with B. Riley will push off repayment dates and use Greenidge stock to pay off some of the funds.
2023-1-31 16:49 | |
|
|
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s.
2023-2-1 16:36 | |
|
|
Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index The report stated. The post ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report appeared first on CryptoSlate.
2023-1-23 15:15 | |
|
|
The miner, which runs coal-powered plants in Pennsylvania, has been reducing its debt since the summer.
2023-1-4 16:21 | |
|
|
At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.
2022-12-21 18:36 | |
|
|
The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
2022-12-21 12:17 | |
|
|
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74. 7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec.
2022-12-20 20:47 | |
|
|
The deal will involve NYDIG taking ownership of miners, with the aim to lessen chances of a bankruptcy.
2022-12-21 18:12 | |
|
|
The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs.
2022-12-20 18:06 | |
|
|
Under the deal for restructuring $74.7 million worth of debt, Greenidge will host NYDIG's new machines.
2022-12-20 15:43 | |
|
|
The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.
2022-12-15 00:43 | |
|
|
The miner is trying to improve its liquidity during the crypto bear market.
2022-11-15 20:52 | |
|
|
Canadian Bitcoin miner HIVE Blockchain currently holds 3,311 bitcoin worth $68.8 million, according to a production report released Monday.
2022-11-7 11:35 | |
|
|
Canadian Bitcoin miner HIVE Blockchain currently holds 3,311 bitcoin worth $68.8 million, according to a production report released Monday.
2022-11-7 11:35 | |
|
|
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt.
2022-11-2 00:16 | |
|
|
Stronghold, which is currently restructuring its debt, can save up to $27.6 million in the next two years by ending its partnership with Northern Data.
2022-10-15 14:02 | |
|
|
Stronghold Digital Mining had repeatedly delayed its earnings release.
2022-8-17 21:39 | |
|
|
The miner wants to seize opportunities during the market slump.
2022-7-5 18:29 | |
|
|
Bitcoin miner Core Scientific plans to sell more self-mined bitcoins to cover expenses, growth and debt payments.
2022-7-5 17:21 | |
|
|
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan.
2022-6-22 16:43 | |
|
|
The proceeds will go toward buying more mining machines and investing in joint infrastructure ventures.
2022-4-27 15:00 | |
|
|
Американская майнинговая компания CleanSpark привлекла долговое финансирование в размере $35 млн под обеспечение 3336 новых устройств Antminer S19j Pro. Sustainable #bitcoin miner @CleanSpark_Inc has raised $35 million in debt financing from Trinity Capital backed by 3,336 new S19j Pro miners.
2022-4-26 17:55 | |
|
|
Equipment-based financing is becoming an increasingly popular option for mining firms to fund their growth.
2022-4-27 16:00 | |
|
|
Mawson will also receive a $20 million loan from Celsius Mining.
2022-3-2 19:37 | |
|
|
BitFarms used high-interest-rate debt with large balloon payments to expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research.
2020-7-28 19:06 | |
|
|
Despite increasing revenue, Riot Blockchain’s first-quarter financials reveal that the company has relied on equity and debt financing to fund its operations.
2020-5-13 05:20 | |
|
|
In this week’s Hodler’s Digest, Bitcoin’s dramatic decline, MakerDAO left with bad debt worth millions, and how a BTC miner ended up with an $8M windfall
2020-3-16 23:58 | |
|
|
The cryptocurrency market has seen quite a few scandals and Mt. Gox was among the most infamous of them all. Charlie Shrem, a Bitcoin entrepreneur discussed the story of Mt. Gox with J Maurice, a Bitcoin Miner, on his podcast ‘Untold Stories’.
2019-5-20 02:30 | |
|
|
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
|
|
Giga Watt recently filed for bankruptcy in a Washington court, declaring that it had under $50,000 in assets, with debt worth millions of dollars. Millions of Dollars in Debt According to iFiberOne, U.
2018-11-23 10:28 | |
|
|
As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
2018-11-1 23:35 | |
|
|
MGX's investment in Binance signals growing institutional confidence in blockchain, potentially accelerating mainstream crypto adoption globally. The post Binance secures $2 billion from Abu Dhabi’s MGX appeared first on Crypto Briefing.
Coinbase's 24/7 crypto futures could enhance US market competitiveness, aligning domestic trading with global crypto activity and standards. The post Coinbase to launch first 24/7 Bitcoin and Ethereum futures in the US appeared first on Crypto Briefing.
Gemini's IPO plans signal growing mainstream acceptance and potential regulatory easing for the crypto industry, impacting future market dynamics. The post Winklevoss-led Gemini works with Goldman Sachs, Citigroup on IPO plan appeared first on Crypto Briefing.
The inclusion of Sui in World Liberty Financial's reserve could accelerate the adoption of decentralized finance in the U.S. market. The post Trump-backed World Liberty Financial plans to add SUI to its strategic reserve appeared first on Crypto Briefing.
Jump Trading's renewed US crypto focus may influence regulatory landscapes and market dynamics, potentially reshaping industry standards. The post Jump Trading scales up US crypto operations, accelerates hiring after years of pullback appeared first on Crypto Briefing.
The potential acquisition could revolutionize user data control and content management, impacting social media's future landscape significantly. The post Reddit co-founder wants to buy TikTok US and put it on-chain appeared first on Crypto Briefing.
Sacks' divestment highlights potential conflicts of interest and raises questions about transparency in government crypto initiatives. The post Trump’s crypto czar David Sacks confirms divesting from Solana backer Multicoin appeared first on Crypto Briefing.