Core Scientific | ForkLog

ForkLog 31 07.06.2024

Riot Expands Stake in Rival as Core Scientific Rejects $1 Billion Acquisition

Analysts anticipated a wave of consolidations in the mining industry following the halving. Recent activities by major players in the sector have confirmed these forecasts. Core Scientific Rejects $1 Billion Offer from CoreWeave Mining firm Core Scientific rejected a non-binding proposal from AI company CoreWeave to acquire all outstanding shares at $5.75 each, totaling approximately […]

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ForkLog 35 04.06.2024

Core Scientific to Earn $3.5 Billion from AI Computing Deal

The mining company Core Scientific has inked a 12-year contract with AI firm CoreWeave to provide infrastructure with a capacity of 200 MW for hosting Nvidia graphics processors. Tonight, we announced that Core Scientific will be providing an additional ~200 MW of infrastructure to host @CoreWeave #HPC services. — ~200 MW of infrastructure for HPC […]

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ForkLog 26 26.03.2024

Core Scientific CEO Outlines Post-Halving Strategy

Core Scientific plans to allocate funds for purchasing bitcoin miners from struggling industry players following the halving, as revealed by the company’s CEO, Adam Sullivan, to Blockworks. The company emerged from bankruptcy proceedings in January. Through a reorganization lasting over a year, Core Scientific reduced its debt burden to $571 million by converting equipment loans […]

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ForkLog 84 01.02.2024

Core Scientific Mines Over 19,200 BTC in a Year

In 2023, the bankrupt mining company Core Scientific mined 19,274 BTC (approximately $812 million at the time of writing). In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of #Bitcoin in North America! As every miner’s performance is crucial to our […]

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ForkLog 43 17.01.2024

Bankruptcy Court Approves Core Scientific’s Reorganization Plan

The bankruptcy court has approved the reorganization plan of the mining company Core Scientific, with a relisting of shares on the Nasdaq by the end of January. In December, the firm indicated mid-to-late January 2024 as the timeline for implementing the initiative. As a result, the company’s shareholders will receive approximately 60% of the new […]

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ForkLog 28 22.12.2023

Core Scientific outlines timeline for exiting bankruptcy

The mining company Core Scientific intends to exit the bankruptcy proceedings in mid-to-late January 2024.

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ForkLog 23 22.09.2023

Bitmain Invests $54 Million in Bitcoin Miner Core Scientific

Bitmain, a mining equipment manufacturer, agreed to invest $53.9 million in Core Scientific under a contract to supply 27,000 Bitcoin mining devices.

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ForkLog 9 24.05.2023

Core Scientific asks court to extend restructuring to September

The mining company Core Scientific has submitted to the bankruptcy court an updated restructuring plan, projected through September 2023.

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ForkLog 15 28.04.2023

Greenidge Generation and Core Scientific Agree to Collaborate

The mining company Greenidge Generation has agreed with competitor Core Scientific to host 6,914 Bitcoin mining devices at Core Scientific's sites for one year.

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ForkLog 17 01.02.2023

Bitcoin miner Core Scientific to secure $70 million loan from B. Riley

Core Scientific, the mining company in bankruptcy proceedings, reached an agreement with investment bank B. Riley to provide a loan of $70 million.

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ForkLog 8 10.01.2023

Core Scientific mined 2,791 BTC in two months

The mining company Core Scientific mined 1,356 BTC in November and 1,435 BTC in December, respectively. The rise was 5.8%, despite outages due to bad weather.

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ForkLog 16 23.12.2022

Core Scientific gains access to $37.5 million loan from creditors

A bankruptcy court approved Core Scientific's access to a $37.5 million loan from existing creditors. The funds will be used to address liquidity problems, according to Reuters.

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