Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan

Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific said the transferred machines are “no longer necessary” for its “current operations and future business plans.” It added that the “principal of…

Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley

Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the several companies that had a difficult 2022 due to the challenging market conditions. “Greenidge ended the quarter with approximately $16…