Search Results for "core"
Core Scientific (CORZ) Stockholders Reject Merger with CoreWeave
Core Scientific's stockholders did not approve the proposed merger with CoreWeave, according to preliminary results from a special meeting.
NY Business Examines Core Scientific Securities Fraud
In 2022, Culper Research reported that Core Scientific had oversold its mining and hosting operations in 2021 and waived a 180-day lockup term of approximately 282 million shares, allowing them to be dumped in March. Pomerantz LLP reported that Core Scientific's stock plunged 9.4% on this news. Last month, the same law firm filed a class-action lawsuit against Silvergate Capital for making false and deceptive promises.
Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
Darewise Entertainment raised US$3.5 million via a token pre-sale on 17 October 2023, ahead of its Bitcoin metaverse ecosystem token launch, aimed at enhancing the development of its game Life Beyond. With significant backing from notable investors and strategic support from Horizen Labs for a 2024 token release, the project marks a substantial stride toward creating a Bitcoin-powered gaming metaverse.
Financially Distressed Core Scientific Owes $1 Billion To Creditors
Core Scientific has sent a warning for a bankruptcy crisis. A breakdown of its debts now stands at $1 billion in unpaid bills.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.
Stellar (XLM) Development Foundation Delays Protocol 20 Upgrade Due to Core Bug
The Stellar Development Foundation has postponed the vote on Protocol 20, initially set for January 30, following the discovery of a bug in Stellar Core v20.1.0. The decision was made to ensure ecosystem readiness and broad consensus, with the new vote date to be determined after the bug fix release, expected within the next two weeks.
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Bitcoin mining firm Core Scientific to file for Bankruptcy
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner.
Core Scientific Signs Hosting Deal to Add 75 MW to ASIC Server Capacity
US-based crypto mining company Core Scientific has signed a colocation agreement to secure at least 75 megawatts of energy capacity for its data centres.
Core Scientific to Host CoreWeave's AI and HPC Workloads in $100M+ Deal
Core Scientific has signed a multi-year contract to provide CoreWeave with up to 16 MW of data center infrastructure for AI and HPC workloads, with potential revenue exceeding $100 million.
Argo Blockchain Inks Bitcoin Mining Machine Swap Agreement with Core Scientific
The London-listed Bitcoin mining company, Argo Blockchain, has inked a partnership with Core Scientific that will see both companies swap their BTC mining machines over the next few months.
Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.