ChainCatcher news, according to official sources, Bitcoin mining company Bitfarms produced 253 BTC in July and sold 142 of them, generating total revenue of 8.6 million dollars.As a result, it increased its holdings by 111 BTC in July, bringing its treasury balance to 1,016 BTC, which is valued at 67.2 million dollars based on the BTC price of 66,100 dollars on July 31, 2024.

ChainCatcher news, according to The Block, Bitcoin mining company CleanSpark produced 445 bitcoins in June, up from 417 in May. The company also revealed that it sold 8.06 BTC in June at an average price of about $67,514 per bitcoin.

ChainCatcher news, Bitcoin mining company Core Scientific announced production and operational updates for December and the entire year of 2023. As of the end of last month, the company operated approximately 209,000 Bitcoin mining machines for self-mining and hosting, with a total hash rate of 23.2 EH/s across its data centers located in Georgia, Kentucky, North Carolina, North Dakota, and Texas.It is reported that Core Scientific produced 1,177 Bitcoins from its owned mining machines in December, with a total of 13,762 self-mined Bitcoins produced in 2023. As of the end of last month, the company operated approximately 158,000 self-owned Bitcoin mining machines, accounting for about 76% of the total number of machines, with a total hash rate of 16.9 EH/s.

ChainCatcher news, Bitcoin mining company Core Scientific has announced its latest bankruptcy exit plan before the hearing. If approved by the court, the third version of the plan will take effect on January 5, 2024, and the company will increase its capacity by 372 MW by 2027.Common stockholders and holders of two types of convertible notes will receive compensation. For the notes maturing in April, holders of each $1 face value note will receive $1.628, and for the notes maturing in August, holders of each $1 face value note will receive $1.201. The corresponding funds will be distributed on January 3, 2024. If an agreement is reached with major shareholders, on January 5, 2024, Core Scientific will emerge from bankruptcy with $709 million in net debt and $791 million in equity value, and by 2025, only $46 million in debt will be due.

ChainCatcher news, according to Reuters, a U.S. bankruptcy judge stated at a court hearing that the cryptocurrency lending firm Celsius Network may need to seek new creditor votes for its proposal to transform into a Bitcoin mining company. U.S. Bankruptcy Judge Martin Glenn, who oversees Celsius's Chapter 11 bankruptcy proceedings, indicated that this is not a deal approved by creditor votes, and the modified agreement may face strong opposition from creditors.

ChainCatcher news, Bitcoin mining company TeraWulf announced its financial report for the third quarter of 2023, in which it self-mined 994 BTC, a quarter-over-quarter increase of 9.5%; revenue was $19 million, a quarter-over-quarter increase of 22.6%; it is expected to use the cash generated in the third quarter of 2023 to repay approximately $7 million in debt, of which $5.5 million has been repaid in October 2023; the gross profit for the third quarter of 2023 increased to $10.7 million, compared to $10.3 million in the second quarter of 2023.As of September 30, the total installed hash rate capacity was 5.5 EH/s, a year-over-year increase of 267%; the average operating hash rate was 4.8 EH/s; it announced the order of 18,500 Antminer S19j XP Bitcoin miners, with a total price of $75.4 million, of which $53.4 million has been prepaid.

ChainCatcher news, according to Bloomberg, a U.S. bankruptcy court has approved the transformation of the crypto lending company Celsius Network LLC into a Bitcoin mining company owned by creditors, as part of a proposal to repay customers whose accounts have been frozen for over a year. Approximately $2 billion worth of Bitcoin and Ethereum will be redistributed to Celsius creditors along with equity in NewCo. Celsius's lawyers stated that the platform may begin asset distribution early next year.The transformation plan also requires approval from the SEC, and if everything goes as planned, the new company will go public. If the proposal is not approved, Celsius may turn to liquidation. The judge urged the SEC to make a swift decision on Celsius's transformation plan.

ChainCatcher news, Bitcoin mining company Core Scientific mined a total of 910 bitcoins through self-mining in October. By the end of the month, the company operated approximately 145,000 of its own Bitcoin mining machines, accounting for about 73% of the total number of mining machines, with a total hash rate of 15.1 EH/s.In addition to self-operated mining machines, Core Scientific also provides data center hosting services, technical and operational support for approximately 53,000 customer-owned hosted Bitcoin mining machines. As of October 31, hosted mining machines accounted for about 27% of the Bitcoin mining machines operated in the company's data centers. Hosted Bitcoin mining machines produced approximately 417 bitcoins in October.

ChainCatcher news, according to CoinDesk, Bitcoin miner Marathon Digital has launched a pilot mining project in Utah, using methane generated from landfills to power its mining operations. According to a statement, the miner has partnered with renewable energy asset development and operation company Nodal Power to initiate this 280 kilowatt (kW) trial project, and if the test project meets its expected goals, Marathon may expand its methane power generation business.

ChainCatcher news, according to data released by CleanSpark, it produced 643 BTC in September, bringing its total BTC holdings to 2240. The company's CEO stated that the past few months have been the highest profit quarters ever, making CleanSpark's fiscal year 2023 the best year to date.In addition, Riot Blockchain produced 362 BTC, and Marathon Digital Holdings produced 1242 BTC.

ChainCatcher news, according to The Block, Bitcoin mining company Iris Energy secured a $2.3 million power credit limit in August, primarily due to voluntary load shedding at its site in Childress, Texas.According to the latest investor update from August, the company mined 410 Bitcoins, generating $11.4 million in revenue. The company's electricity expenses were $6.6 million, which was reduced to $4.3 million due to credit incentives. This resulted in a profit of $7.1 million, with an average profit of $17,300 per Bitcoin.

ChainCatcher news, Bitcoin mining company CleanSpark released its August mining and operational update, reporting a Bitcoin production of 659 coins in August, with a total of 4,729 coins mined in 2023. As of August 31, the total BTC holdings amounted to 1,677 coins. In August, CleanSpark sold 43 BTC, approximately worth 1.2 million USD. Currently, 88,217 Bitcoin mining machines have been deployed, with a hash rate of 9.3 EH/s.

ChainCatcher news, Bitcoin mining company Iris Energy stated that as interest in artificial intelligence continues to rise, it is reviving its strategy around hosting high-performance computing, planning to increase its data center capacity from the current 5.6 EH/s to 9.1 EH/s by early 2024.In addition, Iris Energy has procured long-lead items to expand the construction of another 100 megawatt (MW) facility, which, if filled with mining rigs, will achieve a mining speed of 13.6 EH/s. (source link)

ChainCatcher news, Bitcoin mining company CleanSpark released its unaudited Bitcoin mining and operational update for May. In May, the Bitcoin production was 609 coins, and the total Bitcoin production for 2023 reached 3004 coins. As of May 31, the total BTC holdings were 451 coins, and 471 BTC were sold in May for operations and growth. Currently, CleanSpark has deployed 67,196 next-generation Bitcoin miners, with a hash rate of 6.7 EH/s. (source link)

ChainCatcher news, Bitcoin mining company CleanSpark announced its unaudited February mining and operational progress update. CleanSpark produced a total of 576 Bitcoins in February, bringing the total to 1,273 Bitcoins mined in 2023 so far. As of February 28, CleanSpark held 100 Bitcoins, with a total hash rate of 6.6 EH/s. In February, CleanSpark sold 778 Bitcoins at an average price of $23,000, generating revenue of $17.9 million. (source link)

ChainCatcher news, according to CoinDesk, Bitcoin mining company CleanSpark has purchased 20,000 Bitmain mining machines at a price below the market rate. CleanSpark stated that through discount vouchers, the price of the mining machines was reduced by 25%, and it is expected to purchase 20,000 new Bitmain Antminer S19j Pro+ machines for $32.3 million, equivalent to $13.25 /TH, which is lower than the market price of $15.09 /TH.After installation, CleanSpark's Bitcoin mining capacity will increase from 6.6 EH/s by 2.44 EH/s to 9.04 EH/s, an increase of 37%, with expected staggered deliveries from the manufacturer by the end of May. CleanSpark plans to reach a computing capacity of 16 EH/s by the end of 2023. (source link)

ChainCatcher news, Bitcoin mining company CleanSpark's revenue in the fourth quarter of this year increased by 235% year-on-year, but net losses expanded by 683% year-on-year. CleanSpark stated that the main reasons were impairment of goodwill and Bitcoin balances, as well as non-cash expenses due to changes in equity instruments.In addition, CleanSpark lowered its performance targets for 2023, reducing its year-end hash rate or computing power target from the previous 22.4 EH/s to 16 exahash/s (EH/s), citing delays in the construction of mining facilities by one of its partners, Lancium. (source link)

ChainCatcher news, according to The Block, Bitcoin mining company Iris Energy has shut down most of its mining machines, which will serve as collateral for its $107.8 million debt, releasing approximately 90 MW of power capacity. After shutting down about 3.6 EH/s of machines, its hash rate is now approximately 2.4 EH/s, including 1.3 EH/s of machines in transit or awaiting deployment and 1.1 EH/s of operating machines.An Iris Energy spokesperson stated, "The shutdown of these mining machines is aimed at prudent risk management to protect the group's established core business and data center infrastructure (i.e., without the guarantee of the parent company and without seeking assistance from any other group entities)." The company added that there are no other outstanding debts. As of October 31, Iris Energy had $53 million in cash and cash equivalents.ChainCatcher previously reported that Bitcoin mining company Iris Energy is facing a default claim on a $103 million equipment loan. (The Block)

ChainCatcher news, Bitcoin mining company Iris Energy has received a default notice for $103 million in unpaid debt, primarily due to the inability of the two financed Bitcoin mining companies it operates to generate sufficient income for the miners. Iris Energy stated that it does not intend to provide financial support to the miners if the lenders refuse to negotiate a new loan agreement, and warned that the company's operations could be affected if the lenders seize the mining equipment to recover the debt.Earlier in early November, Iris Energy indicated that the mining equipment owned by its special purpose vehicle (SPV) was unable to generate enough cash to meet its financing obligations, and that the market value of this equipment "is significantly lower than the principal amount of the related loans." (source link)

ChainCatcher news, according to Bloomberg citing informed sources, a group of convertible bondholders of the world's largest Bitcoin mining company, Core Scientific Inc., has hired restructuring lawyers from Paul Hastings to advise on a possible bankruptcy.As of October 26, the company holds only 24 Bitcoins and approximately $26.6 million in cash. Core Scientific is exploring potential strategic options to raise funds, including converting existing debt into equity or additional debt, asset sales, or equity or debt financing.ChainCatcher previously reported that Bitcoin mining company Core Scientific owes several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, about $1 billion, most of which began in the second half of 2021, and the majority of the debt will mature in 2025. (Bloomberg)