Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has introduced that it’s going to now not present loans secured by cryptocurrency mining rigs. In...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
On Nov. 28, 2022, the crypto lender Blockfi knowledgeable the general public through a press launch that the corporate has voluntarily petitioned for Chapter 11...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
Digital asset mining and staking agency Foundry has agreed to buy two “turnkey” bitcoin mining amenities from Compute North, a bitcoin miner that filed for...
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million
Another bitcoin mining firm is coping with monetary points as Iris Energy’s Form 6-Ok submitting with the U.S. Securities and Exchange Commission (SEC) exhibits the...
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the agency’s try to receive $27 million in a scheduled financing deal fell via....
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
According to a consultant from the bitcoin mining firm backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to...
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection
Bitcoin mining agency Compute North filed for Chapter 11 chapter safety in Texas on Thursday because the crypto winter continues to place stress on crypto...
Foundry Digital Launches Logistics Arm to Advance Standards within the Cryptocurrency Mining Industry
On Thursday, Foundry Digital LLC, the mining firm and subsidiary of Digital Currency Group (DCG), introduced the launch of Foundry Logistics with a purpose to...
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals
The bitcoin mining operation Marathon has introduced the corporate has secured 254 megawatts of recent internet hosting offers with the choice to extend to 324...
Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas
The bitcoin mining operation Compute North has introduced it’s within the midst of establishing a 300-megawatt (MW) knowledge middle in Granbury, Texas. According to the...