MINER
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.
Generate Capital to Purchase Bankrupt Compute North's Assets in 2 Mining Sites
The loan secured from Generate Capital prompted Bitcoin miner Compute North to file for bankruptcy protection.
Binance Launches $500M Fund for Distressed Bitcoin Miners
Private and publicly-listed bitcoin miners can now apply for loans with Binance as the crypto exchange launched a $500 million fund to cope with the ongoing downturn of the crypto-market conditions.
Crypto Miner Merkle Increases Hash Rate 9x to 3.1EH/s in 8 Months
Bitcoin miner Merkle Standard has formed a joint venture with Bitmain, one of the world’s largest Bitcoin mining equipment manufacturers, to increase its total computing power, or hash rate, from about 0.3 EH/s to 3.1 exahash ( EH/s), the computing power is increased by 900%.
Maple Finance Loans $300m to help Struggling Bitcoin Miners
The lending fund is designed to support crypto mining firms impacted by the market downturn.
Marathon Digital Shares Filing Details of its Purchased Miners and Cost
American Bitcoin mining firm Marathon Digital disclosed that it has ordered a total of 78,000 Antminer S19 XP from Bitmain Technologies in a bid to advance its position as a leading miner in the space.
Bitcoin Miners Generated Revenue Worth $1.68 Billion in November
Over the last month, it seems to be a good month for Bitcoin miners because they cashed in a whopping $1.68 billion.
The First Crypto Miner ETF Unveils in Australia
Australian Bitcoin miner Iris Energy applies for IPO on the Nasdaq. The stock code is "IREN". Reportedly, $100 million has been raised.