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Latest from Eliza Gkritsi
Bitcoin Mining Giant Core Scientific Ended October With $32M in Cash
Core Scientific reiterated it could run out of cash before the end of the year as lawsuits are piling up.
Sam Bankman-Fried's Crumbling FTX Empire Holds $1.2B Cash Reserves
The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors.
Bitcoin Mining Firm TeraWulf Raised $17M of Capital in Q3, But Cash Reserves Remain Low
The mining firm has a liquidity position of $4.5 million and outstanding loan principal of $138.5 million.
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto market downturn.
Bitcoin Miner Cathedra Slashes Payroll Costs by Two-Thirds With Job, Salary Cuts
The Canadian company has also been liquidating bitcoin.
Ex-Ethereum Miners Token Hop to Stay Alive After the Merge
Following the Ethereum Merge, only 20% of miners have switched to other proof-of-work networks.
Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022
The miner is targeting 9 EH/s for the end of the year, but continues to guide to 23 EH/s by the middle of 2023.
US Midterm Elections to Set the Tone for Bitcoin Miners' Future
The midterm elections are key to determining the industry’s future, which is increasingly under attack by environmental advocates.
Bitcoin Mining Major Riot Blockchain Misses Analyst Estimates for Q3 Earnings
Riot said its revenues declined as it powered down its Texas operations amid surging electricity demand.
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.
