BITCOIN MINING
Bitfarms Settles Debt with BlockFi
Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.
Russia Gives Tax Incentives to Crypto Miners
Russia offers tax benefits for crypto mining investors during tough times.
Hut 8 Mining Company to Merge with US Bitcoin
Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.
CEO Sues Board Members for Seizing Control of Crypto Miner
Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.
Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms
Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.
Core Scientific to Pay Outstanding Debt with Mining Machines
In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.
The Bitcoin mining community has experienced a 50% increase in revenue through mining
Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.
Core Scientific seeks to sell $6.6 million in Bitmain coupons
On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.