Lender B. Riley Financial offers Core Scientific $72 million to avert bankruptcy
The platform B. Riley Financial offered Core Scientific financing of $72 million on favorable terms to help the mining company avoid bankruptcy.Core Scientific is a blockchain infrastructure and hosting provider.
Lender B. Riley Financial offers Core Scientific $72 million to avert bankruptcy
The platform B. Riley Financial offered Core Scientific financing of $72 million on favorable terms to help the mining company avoid bankruptcy.
Core Scientific posts $434.8 million loss in Q3
The mining company Core Scientific posted a loss of $434.8 million for the third quarter. The firm said it doubts its ability to continue operations without additional liquidity.
Class-action lawsuit filed against Core Scientific
A shareholder of Core Scientific filed a class-action lawsuit against the mining company for concealing adverse financial factors that led to investor losses.
Core Scientific Faces Bankruptcy Risk
The public mining company and blockchain-hosting provider Core Scientific could exhaust its cash and cash equivalents by the end of the year. This information is contained in the SEC filing.
Core Scientific mined 1,213 BTC in September and continued liquidating bitcoin reserves
Public mining company and blockchain-hosting provider Core Scientific mined 1,213 BTC in September and sold 1,576 BTC.
Core Scientific posts $861.7 million loss after bitcoin revaluation
American blockchain-hosting provider Core Scientific, reporting April–June 2022 results, posted a net loss of $861.7 million on revenue of $164 million.
Core Scientific to raise $100 million in equity capital
The American blockchain-hosting provider Core Scientific signed an agreement with B. Riley Principal Capital II to sell it shares worth $100 million over two years.We use cookies to improve the quality of our service.
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