Bitmain
Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M
The crypto lender must sell the vouchers before they expire to raise funds for the bankruptcy estate.
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
Newly named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients.
Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
A source told CNBC that bankruptcy proceedings would not impact operations.
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
The industry’s potential in the region was touted at a conference in Cancun, Mexico, last month, but a crypto mining-friendly bill in Paraguay was shot down last week.
Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet.
Binance to Launch Cloud Mining Business in November
The crypto exchange's hashrate pool is pushing into the troubled crypto mining industry.
A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes
The situation is further disrupting the economics of a sector already hit by low crypto prices and high energy costs.
Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months
The miner currently has 140 megawatts of total computing power in its two facilities.
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan Wu, founder of bitcoin mining rig maker Bitmain, is reportedly setting up a $250 million fund to buy distressed assets from mining firms.
