Tag: Greenidge
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Bitcoin Mining 2022 Review: A Tough Year for Public Miners
The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022.
The analysis examines...
Crypto Mining Firm Greenidge Generation Hints at Potential Bankruptcy
Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy...
Mining cryptocurrencies is largely prohibited in New York: environmentalists now call for more. The IMPT project
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An unprecedented partial ban on cryptocurrency mining in New York is having...
Bitcoin miner revenue down 37.5% in 2022 YoY
Bitcoin mining revenue was down to $9.55 billion in 2022 from $15.3 billion in 2021 – a 37.5% decline.Since the peak...
Bitcoin Mining Companies Lost $4 Billion in 2022
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Despite a $72 million rescue offer from creditors, concerns have been raised...
Public Bitcoin mining companies plagued with $4B of collective debt
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of...
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index.Owing the most in...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in...
Bitcoin Miner Greenidge Generation Reaches Debt Restructuring Deal With NYDIG
Greenidge Generation, a bitcoin miner operating in New York, has reached a restructuring agreement for the $74.4 million debt with its lender, NYDIG.The restructuring...
New York legislators weigh moratorium on crypto mining, while some look to an executive order from the governor
New York lawmakers will discuss a bill proposing a moratorium on crypto mining during a committee meeting on Tuesday.
The post New York legislators weigh moratorium on crypto mining, while some look to an executive order from the governor appeared first on The Block.
Tennessee BTC Mine Sued Over Noise Complaints: Report
A Tennessee BTC miner BrightRidge is getting sued over noise complaints, with Mayor Joe Grandy warning about the mine last summer but he didn’t take any actions which is why citizens are now the ones taking action so let’s read more in today’s latest Bitcoin news. Nashville, Tennessee has some great-looking rural places which were […]
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