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Lympo(LYM)$0.004392-4.43%
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Category: B. Riley

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Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan […]

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Posted on February 1, 2023Categories Amesbury, application-specific integrated circuit, ASIC mining equipment, B. Riley, Bankprov, bankruptcy protection, Bitcoin, business relationships, collateralized loans, compute north, Core Scientific, crypto assets, crypto mining companies, Crypto Winter, Cryptocurrency, debt, decline, digital asset loan portfolio, Discontinued, Ethan Vera, Executive, Exposure, financial institution, financial strain, Greenidge Generation, industry, investment, Loan Originations, Loans, Luxor, Massachusetts, Metropolitan Commercial Bank, mining rigs, News, phased out, Provident Bancorp, reorganized, repossessed, restructuring, revenue, U.S Securities and Exchange Commission, undisclosed operations

Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt

On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]

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Posted on December 21, 2022Categories $1-10 billion in assets, $1-10 billion in liabilities, 1000 to 5000 creditors, 24 Exahash, 24.4 EH/s, 250K machines, Amazon Web Services Inc., Argo, B. Riley, Bankruptcy, Bitcoin Miners, Bitcoin Mining, BTC Mining, Chapter 11, Core Scientific, Dalton Utilities, DK Construction Company, Duke Energy, Greenidge, Iris, Liveview Technologies., MacKenzie Sigalos, mining, mining bitcoin, Mining BTC, Shell Energy Solutions, Sources, Texas, Texas bitcoin miner, Todd DuChene

Stock price for troubled Bitcoin miner Core Scientific surges 200%

After a flurry of bad news throughout 2022, the miner has been offered a lifeline which could enable it to see out the current Crypto Winter.

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Posted on December 16, 2022Categories $72M, B. Riley, calls, Core, Financing, Marketbeat

B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy

Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers.

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Posted on September 23, 2022Categories B. Riley, business, Iris Energy, mining

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Relevant(REL)$0.782.71%
Heart Number(HTN)$0.000553-30.47%
DSLA Protocol(DSLA)$0.003680-6.82%
Lympo(LYM)$0.004392-4.43%
Calamari Network(KMA)$0.0023166.98%
Habitat(HBT)$0.0061650.00%
Protector Roge(PROGE)$0.000000-7.13%
SYBC Coin(SYBC)$0.025850-1.92%
DYOR(DYOR)$0.00002019.12%
TICOEX Token(TICO)$0.0013640.52%