Core Scientific explains its latest bankruptcy plan ahead of court date
If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027. Go to Source
Bitcoin Mining
Auto Added by WPeMatico
Hut8 Mining operates as U.S.-domiciled entity following USBTC merger
Amid the delisting and relisting process, Hut8 shareholders received 1 New Hut common stock for every Hut 8 share held, an official announcement confirmed. Go to Source
Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift
Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on. Go to Source
Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions. Go to Source
Jack Dorsey wants to decentralize Bitcoin mining with new investment
Ocean, which raised $6.2 million in a funding round led by Jack Dorsey, plans to enable miners to get block rewards directly from Bitcoin. Go to Source
Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper
A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet. Go to Source
Crypto miner Hive expands data center operations in Sweden
Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house generation ASIC servers, and increase Bitcoin production. Go to Source
Tether plans major expansion into BTC mining with $500M investment: Report
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push. Go to Source
Bitcoin miners earned $44M in a day to record annual all-time high
2023 saw an overall trend reversal as crypto entrepreneurs took charge of the situation and helped regain investor confidence. Go to Source
Marathon, Riot among most overvalued Bitcoin mining stocks: Report
Bitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrepancies between the mining stocks. Go to Source
