BTC miner – DIGIT INFO

TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion

DIGIT — Tue, 13 Aug 2024 01:37:29 +0000

Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue.

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Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance

DIGIT — Thu, 27 Jun 2024 09:44:49 +0000

The Bitcoin wallet belongs to a miner who earned 50 BTC as mining rewards in July 2010, a time when BTC was trading at $0.05.

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SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud

DIGIT — Fri, 26 Apr 2024 05:49:09 +0000

The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.

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Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners

DIGIT — Tue, 14 Feb 2023 01:30:17 +0000

With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.

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2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million

DIGIT — Tue, 08 Nov 2022 09:30:10 +0000

Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from its lender alleging the occurrence of an […]

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Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’

DIGIT — Tue, 08 Nov 2022 08:00:21 +0000

On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring its existing capital structure.” The update published on Monday indicates that […]

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Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy

DIGIT — Sat, 29 Oct 2022 22:00:47 +0000

One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to pay down debt payments due for Oct. and early Nov. […]

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Further BTC mining consolidation as Crusoe acquires peer mining firm

DIGIT — Thu, 13 Oct 2022 02:42:26 +0000

Crusoe Energy Systems has just acquired the operating assets of Great American Mining, a sign that further consolidation could be ahead.

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Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge

DIGIT — Tue, 06 Sep 2022 20:30:42 +0000

While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s […]

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