B. Riley – DIGIT INFO

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

DIGIT — Wed, 01 Feb 2023 01:45:03 +0000

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

DIGIT — Wed, 21 Dec 2022 15:30:33 +0000

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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Stock price for troubled Bitcoin miner Core Scientific surges 200%

DIGIT — Fri, 16 Dec 2022 01:11:17 +0000

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

DIGIT — Fri, 23 Sep 2022 19:49:42 +0000

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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