2023-2-10 15:58 |
The miner had recently warned it might stop paying off the debt to BlockFi.
Similar to Notcoin - Blum - Airdrops In 2024
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A slew of mining firms have restructured their debt loads while others are facing bankruptcy.
2023-2-3 19:02 | |
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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 | |
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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 | |
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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 | |
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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 | |
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The miner, which runs coal-powered plants in Pennsylvania, has been reducing its debt since the summer.
2023-1-4 16:21 | |
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At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.
2022-12-21 18:36 | |
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The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
2022-12-21 12:17 | |
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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 | |
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The deal will involve NYDIG taking ownership of miners, with the aim to lessen chances of a bankruptcy.
2022-12-21 18:12 | |
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The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs.
2022-12-20 18:06 | |
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Under the deal for restructuring $74.7 million worth of debt, Greenidge will host NYDIG's new machines.
2022-12-20 15:43 | |
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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 | |
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The miner is trying to improve its liquidity during the crypto bear market.
2022-11-15 20:52 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Stronghold Digital Mining had repeatedly delayed its earnings release.
2022-8-17 21:39 | |
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The miner wants to seize opportunities during the market slump.
2022-7-5 18:29 | |
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Bitcoin miner Core Scientific plans to sell more self-mined bitcoins to cover expenses, growth and debt payments.
2022-7-5 17:21 | |
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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 | |
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The proceeds will go toward buying more mining machines and investing in joint infrastructure ventures.
2022-4-27 15:00 | |
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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 | |
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Equipment-based financing is becoming an increasingly popular option for mining firms to fund their growth.
2022-4-27 16:00 | |
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Mawson will also receive a $20 million loan from Celsius Mining.
2022-3-2 19:37 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Binance has resumed cryptocurrency purchases via Visa and Mastercard, allowing users to buy crypto with a maximum one-time purchase limit of up to $20,000. The post Binance brings back card payments after regulatory hurdles appeared first on Crypto Briefing.
Paxos introduces the Lift Dollar in the UAE, offering a stablecoin with a daily yield aligned with US Treasury bonds. The post Paxos launches Lift Dollar, a rebased yield-generating stablecoin appeared first on Crypto Briefing.
DMM Bitcoin to use loans and capital raise to repay customers after $305M in bitcoin was stolen in a recent security breach. The post DMM Bitcoin announces compensation strategy for hack victims appeared first on Crypto Briefing.
US spot bitcoin ETFs saw their second-highest daily inflow ever on Tuesday at over $880 million, the most since March, as demand returns amid Bitcoin's resurgence.
Ark Labs is betting on the innovative protocol and plans to build tools for others to buy in
Watford FC is selling a 10% stake to fans in digital currency in an equity offering facilitated by digital-asset firm Republic. The post Watford FC to offer 10% equity shares to fans through tokens appeared first on Crypto Briefing.
OKX launches centralized exchange and Web3 wallet in the Netherlands, offering 150 cryptocurrencies and 60 EUR trading pairs, with seamless euro deposits and withdrawals. The post OKX expands exchange and wallet services to the Netherlands appeared first on Crypto Briefing.