Core Scientific News

Bitcoin mining stocks continued their recovery as Bitcoin continued rising during the weekend.

Darin Feinstein, the founder of Bitcoin miner and digital asset infrastructure firm Core Scientific, is bullish on Bitcoin. According to Feinstein, the Bitcoin ecosystem has witnessed massive growth and adoption since the chaotic early days. More than that, he sees…

Core Scientific Inc., a significant player in the Bitcoin (BTC) mining industry, has rejected CoreWeave's acquisition bid.

Crypto mining firm Core Scientific has signed a 12-year deal with cloud provider CoreWeave to provide resources for training artificial intelligence. Bitcoin miners are now diversifying their portfolios by branching into areas tied to artificial intelligence (AI), with Core Scientific,…

Bitcoin mining giants, including RIOT Platforms and Marathon Digital, experience a production decline in 2024, while CleanSpark stands out with growth. As Bitcoin‘s fourth halving approaches, Bitcoin mining giants are grappling with a decline in production as the market faces…

Texas-based Bitcoin mining company Core Scientific has resumed trading on the Nasdaq today, following the firm’s restructuring process after declaring bankruptcy in 2022. In a statement issued on Jan. 23, the crypto miner stated that its restructuring plan enabled a…

Marathon Digital, Riot Blockchain, and other public Bitcoin mining companies witnessed positive returns on Monday as Wall Street reached new milestones. The top five largest Bitcoin mining firms by market capitalization saw gains ranging from 2.98% to 6.25% on Monday…

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC) for its…

Core Scientific is emerging from Chapter 11 bankruptcy and will relist its shares. After a U.S. court confirmed its reorganization plan, mining company Core Scientific announced its readiness to exit bankruptcy proceedings. Core Scientific CEO Adam Sullivan said the confirmation…

Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…

Bitmain is investing $53.9 million in Core Scientific, the bankrupt Bitcoin miner, as part of an ongoing supply contract

Core Scientific CEO Adam Sullivan expressed his satisfaction at the resolution, stating he was pleased to resolve “all existing litigation” with Celsius Mining.

Crypto miner Core Scientific has announced its intention to accelerate the development of its restructuring plan, aiming to reach a resolution by September 25.

Core Scientific, a bankrupt Bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network.

Core Scientific, as of recent developments, revealed that it will use some of equipment to paydown NYDIG's debt. This comes after the firm announced it will be selling in a bid to counter its crisis.

On Jan. 28, Core Scientific (CORZ) filed a motion to sell $6.6m worth of Bitmain coupons to pay its debts.