Poolin bankrupt, Core Scientific pays $42M to end Proto deal
Block reward mining faces mounting pressure as firms pivot to AI, Poolin files for bankruptcy, and Kazakhstan offers…
Browsing Tag
Core Scientific
173 posts
Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
Core Scientific, a longtime Bitcoin miner now converting sites for AI computing, reported a negative 56% self-mining gross…
Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy
[[{„value”:” Bitcoin Magazine Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy Nasdaq-listed miner…
BTC mining metrics improve, but not enough to halt the AI pivot
BTC mining profits remain under pressure as major miners pivot to AI data centers, dump token reserves, and…
Morgan Stanley Backs Core Scientific With up to $1B Financing for Data Center Growth
Core Scientific has secured a major financing arrangement with Morgan Stanley that could provide up to $1 billion…
Core Scientific secures up to $1 billion loan facility from Morgan Stanley
The company initially closed a $500 million loan facility that includes an accordion feature allowing the total commitment…
Are block reward miners selling more BTC than they’re mining?
Riot Platforms reports $663 million loss despite soaring revenue, pivoting to AI/HPC while Core Scientific began its AI…
These Two Bitcoin Miners are Getting Ready to Sell Their Bitcoin
[[{„value”:” Bitcoin Magazine These Two Bitcoin Miners are Getting Ready to Sell Their Bitcoin For miners that once…
Texas grid faces massive overload from AI demand
The Texas power grid faces challenges from surging AI demands and BTC mining, which impact costs and operations…
Miners are eyeing that AI payday, but it’s no cakewalk
BTC miners pivot to AI amid rising costs and challenges, reshaping the landscape with innovative strategies and significant…