MINING
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.
Core Scientific to Pay Outstanding Debt with Mining Machines
In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.
The Bitcoin mining community has experienced a 50% increase in revenue through mining
Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.
Core Scientific seeks to sell $6.6 million in Bitmain coupons
On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
Argo Blockchain regains stock listing compliance with Nasdaq
Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.