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Tag: core scientific

TeraWulf Mined More BTC in January Due to Reduced Power Costs

Blockchain
The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December.  Snow blizzards towards the end of 2022 crippled...

Hut 8 to merge with rival cryptocurrency mining firm US Bitcoin

Blockchain
Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on Feb. 7.Combined...

Core Scientific Announces January 2023 Production and Operational Updates

Blockchain
Operated approximately 206,000 owned and colocated ASIC servers Produced 1,527 self-mined bitcoin and 471 bitcoin for colocation customers ...

Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt

Blockchain
The once-prominent bitcoin miner Core Scientific inked an agreement with the New York Digital Investment Group (NYDIG) to hand over 27,403 of its...

Core Scientific Is Bankrupt but Remaining Functional

Blockchain
Core Scientific – one of the world’s biggest crypto mining enterprises – has filed bankruptcy in recent weeks but is still expected to continue...

Bitcoin Mining Revenue Surged by 140% Since Christmas

Blockchain
The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping...

China’s Ban of Bitcoin Mining is Now Just a Hashrate Blip

Blockchain
China sent bitcoin’s hashrate diving in May-June 2021, while its price halved from $60,000 to $30,000. Close to two years on however, the only effect...

Core Scientific seeks to sell $6.6 million in Bitmain coupons

Blockchain
According to the records submitted with the court, on January 25 the defunct Bitcoin (BTC) mining business Core Scientific filed an emergency application in...

Insolvent Core Scientific Files Petition For Selling $6.6M Bitmain Coupons

Blockchain
2 hours ago | 2 mins read Bitcoin News According to the filing, the vouchers are essentially worthless to Core Scientific. Core...

Core Scientific Seeks Court Approval to Sell $6M Bitmain Coupons

Blockchain
Lark Davis tweeted the 2022 growth in the number of BTC and ETH holders. The number of ETH holders has risen more than 260%...

Core Scientific files motion to sell over $6M in Bitmain coupons

Blockchain
Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to...

Despite Recent Market Revival, These Crypto Companies Dismissed More Employees

Blockchain
The prolonged bear market reduced the interest in cryptocurrencies and hampered the operations of numerous industry players. Some leading exchanges, including Coinbase, Crypto.com,...
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