2023-8-8 17:02 |
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings. origin »
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Marathon continues to pull away from the former leader, Core Scientific.
2023-8-3 16:22 | |
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Quick Take Among Bitcoin miners, the most remarkable performance this year has come from Core Scientific, whose value has impressively soared by over 1000%. Notably, this substantial upswing came on the heels of the company filing for bankruptcy and laying out reorganization plans just two weeks prior.
2023-7-4 18:30 | |
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Bankrupt miner Core Scientific has filed a potential Chapter 11 reorganization plan, as seen in a document submitted to bankruptcy court on June 21. The reorganization plan awaits approval. The introduction of the latest filing describes the plan as a “joint chapter 11 plan of reorganization.
2023-6-22 12:00 | |
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Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector.
2023-6-22 02:00 | |
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Bitcoin miner Core Scientific has filed its Chapter 11 bankruptcy plan six months after it filed for Chapter 11 bankruptcy in December 2022. The firm filed for the Chapter 11 plan in the Southern District of Texas Houston Division Bankruptcy Court.
2023-6-22 17:14 | |
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Core Scientific stated that its liquidity got a boost since filing for chapter 11 bankruptcy. It cited rising Bitcoin prices, increased network hash rate, and lower energy costs as reasons for The post Bitcoin miner Core Scientific files for bankruptcy plan appeared first on AMBCrypto.
2023-6-21 16:30 | |
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The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims.
2023-6-21 11:56 | |
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Bankrupt crypto miner to exit bankruptcy by September this year. The latest developments led to a 7% hike in Core Scientific's share price. Crypto mining firm Core Scientific is reportedlyThe post Core Scientific to exit bankruptcy by September 2023 appeared first on AMBCrypto.
2023-5-24 14:30 | |
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Crypto miner Core Scientific has announced its intention to accelerate the development of its restructuring plan, aiming to reach a resolution by September 25.
2023-5-23 14:13 | |
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Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.
2023-5-23 01:55 | |
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Core Scientific, a bankrupt Bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network.
2023-5-9 15:56 | |
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The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
2023-4-28 16:00 | |
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The bankrupt bitcoin miner stopped making payments to the company right before it stopped paying off its debt.
2023-2-18 17:26 | |
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Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11.
2023-2-1 00:55 | |
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Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B.
2023-2-1 21:35 | |
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Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loan from investment bank B.
2023-2-2 21:16 | |
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The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
2023-2-1 19:54 | |
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Pomerantz law firm has confirmed embarking on investigations into securities fraud on bitcoin miner Core Scientific on behalf of investors. Core Scientific under fraud investigations A New York-based law firm, Pomerantz LLC, has announced plans to commence investigations on publicly…
2023-1-10 11:50 | |
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Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a January 9 press statement. The post Bankrupt miner Core Scientific Bitcoin production rose 5% in December appeared first on CryptoSlate.
2023-1-10 05:00 | |
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Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius. The Bitcoin miner's share price has jumped over 81% following this decision. Bitcoin [BTC] mining firm Core SciThe post In another blow to Celsius, Core Scientific shuts down 37,000 mining rigs appeared first on AMBCrypto.
2023-1-4 12:30 | |
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Core Scientific (CORZ), a bitcoin miner, recently rejected its contract with Celsius Mining, Core's largest client with over 37,000 machines, and declared that it will shut down Celsius Mining's mining equipment.
2023-1-4 10:54 | |
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BlackRock Inc. has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The post Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors appeared first on BeInCrypto.
2023-1-2 19:55 | |
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BlackRock has promised $17 million to bankrupt Core Scientific as part of a new $75 million loan from the holders of the miner's secured convertible notes, according to a recent filing with the SEC.
2022-12-31 14:21 | |
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BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core.
2022-12-31 22:25 | |
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Bitcoin miner Core Scientific has been granted access to obtain a $37.5 million loan from its creditors. The loan is supposed to allow the mining firm to temporarily carry on operations.
2022-12-23 11:39 | |
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The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures.
2022-12-24 05:34 | |
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The world’s biggest publicly traded crypto miner filed for Chapter 11 protection today.
2022-12-22 01:17 | |
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Coinspeaker Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.
2022-12-21 16:12 | |
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One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.
2022-12-21 15:32 | |
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Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on December 21 at the Southern District of Texas bankruptcy court. The post Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities appeared first on CryptoSlate.
2022-12-21 14:20 | |
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The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court.
2022-12-21 12:17 | |
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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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What many suspected after the news broke in late October has now become a reality. One of the largest publicly traded Bitcoin mining companies in the U. S. , Core Scientific Inc. (CORZ), has filed for Chapter 11 bankruptcy, CNBC reported today.
2022-12-21 10:51 | |
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Core Scientific is reportedly filing for Chapter 11 bankruptcy protection in Texas due to falling revenue and BTC prices.
2022-12-21 10:25 | |
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Coinspeaker Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess.
2022-12-17 16:13 | |
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B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.
2022-12-15 09:07 | |
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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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Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."
2022-12-15 23:37 | |
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Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin miner shows in a filing with the US Securities and Exchange Commission (SEC) that its third quarter losses stood at $434,792,000 at the end of […] The post Core Scientific reveals $434 million loss in Q3 appeared first on Invezz.
2022-11-23 18:42 | |
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The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.
2022-11-23 05:23 | |
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Some of the miner's convertible bondholders are working with restructuring lawyers at Paul Hastings.
2022-11-2 18:58 | |
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Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year.
2022-10-31 06:00 | |
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Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades.
2022-10-29 22:02 | |
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Core Scientific, the world’s largest Bitcoin mining company has revealed some significant details about its financial health that has investors and stakeholders worried. In its latest filing wiThe post World’s largest Bitcoin miner may be heading towards bankruptcy appeared first on AMBCrypto.
2022-10-28 16:30 | |
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Core scientific, one of the foremost firms for publicly traded crypto mining in the US, is about closing its shop due to the market dip and the 97% massive dump in its Bitcoin shares.
2022-10-28 01:30 | |
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The world's largest bitcoin miner said in a filing that it will not make payments that are due in the next few days.
2022-10-28 13:22 | |
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As Celsius contemplates the sale of its assets at an upcoming hearing, Texas-based crypto miner Core Scientific wants it to pay its bills. The post Where Will Celsius Assets Go? Core Scientific May Have the Answer appeared first on BeInCrypto.
2022-10-22 23:45 | |
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Crypto hosting and mining company Core Scientific (CORZ) has issued fired back at Celsius Mining over allegations it is violating the beleaguered firm's bankruptcy filing.
2022-10-12 14:26 | |
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Barclays initiates coverage of the bitcoin miner with buy-equivalent rating.
2022-10-5 16:24 | |
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The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
AI firm Anthropic has blocked Saudi Arabia from engaging in the sale process of 8% of its shares — currently owned by defunct crypto exchange FTX, CNBC reported on March 22, citing people familiar with the matter.
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS.