core scientific

Two major Bitcoin miners, MARA Holdings and Core Scientific, are shifting strategies to sell portions of their bitcoin holdings as they pivot toward AI and high-performance computing operations.

The all-stock deal gives CoreWeave control of 1.3 GW of data center capacity, marking a shift from Bitcoin to AI infrastructure.

Core Scientific is now the first to use Block’s new ASIC technology for large-scale mining operations.

The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.

One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.

The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.

More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price.

Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year.

The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?