Once the crypto industry’s largest mining company, Core Scientific suffered an astounding, and swift, fall from grace last November, when bitcoin prices cratered amid cryptocurrency exchange FTX’s mid-November implosion. The…
In closing out his $1 million bet, Srinivasan made three $500,000 donations, one to fund Bitcoin Core development at Chaincode Labs, one to Give Directly and one to pseudonymous Twitter…
A recent report by crypto venture firm Electric Capital supports Lee’s perspective. Despite a bloodbath in the crypto markets, the number of full-time developers in the general blockchain ecosystem grew…
The bear market in crypto has taken a toll on the mining industry, particularly on leveraged firms, as high energy prices coupled with a low bitcoin price have led to…
BlackRock, which is Core Scientific's largest shareholder according to FactSet data, already held $37.9 million in secured convertible notes as of Wednesday. The latest $17 million is part of the…
Most of Core Scientific’s customers that already have machines or contracts with the company’s hosting business won’t be affected by the bankruptcy, said Cann. The company, however, is considering selling…
The company filed for Chapter 11 at Southern District of Texas bankruptcy court as the crypto winter continues to take its toll on the industry. The miner's estimated liabilities are…
The miner was running 232,000 machines in its facilities as of the end of the quarter, accounting for 13 exahash per second (EH/s) of bitcoin self-mining computing power, or hashrate,…
"All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory," at above $0.09 kilowatt hour, said Ethan Vera, chief operating officer at mining services firm…
Have you have ever been interested in getting involved in the development of the core Ethereum protocols? If so, there is a new program to discuss that's targeted at you.…
