Tag: Scientific
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
www.coindesk.com [...]
Core Scientific debtors petition bankruptcy court to approve new president
The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.In an April 10 [...]
Crypto Miner Core Scientific Appoints a New President
Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.
www.c [...]
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judg [...]
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
However, as of May 2022, after "it became clear that the facilities would not receive the anticipated power load," Core Scientific stopped making var [...]
Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley
Despite his agreement to forming the committee, the judge said he will "reserve the benefit" of "hindsight." If he decides that the interests of the e [...]
Pharma companies team up with DeSci to accelerate scientific research
Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ign [...]
Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company
"For efficient travel and use of time, Stone Tower Air is a charter flight company used in the past by Core Scientific for primarily transporting empl [...]
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by h [...]
Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt
The bear market in crypto has taken a toll on the mining industry, particularly on leveraged firms, as high energy prices coupled with a low bitcoin p [...]
Court permits Core Scientific to borrow $70M to replace existing loan
Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from inve [...]
Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
www.coindesk. [...]
Core Scientific files motion to sell over $6M in Bitmain coupons
Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according [...]
NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “sec [...]
Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Bankrupt cryptocurrency lender Celsius Network agreed to let Bitcoin (BTC) miner Core Scientific shut off more than 37,000 mining rigs it had been hos [...]