Barclays Remains Positive on Bitcoin; Sees Miner Core Scientific as ‘Best-In-Class Leverage Play’
Barclays initiates coverage of the bitcoin miner with buy-equivalent rating. Original Source
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Core
Bitcoin Miner Core Scientific Should Weather Crypto Storm, Analyst Says
White also wrote that Core has sufficient access to capital with its monthly production of bitcoin and its equity line of credit to fund its operations and debt through the end of next year. Core’s third-party hosting business also generates revenue that is less correlated to bitcon's prices, White added. Original
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ETHW Core to push on with Ethereum PoW fork 24 hours after Merge
The long awaited Ethereum Merge is just around the corner, but not everyone is excited about the major upgrade. A group calling themselves ETHW Core have voiced its opposition to the change and are set to conduct a hard fork within 24 hours after the Merge. Under the project name, ETHPoW
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Core Scientific Confirms selling 1,100 Bitcoin In August, What Was Its Impact?
While the current quarter in the crypto market has been bad for many companies as Bitcoin dropped, it has been successful for
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Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says
The $4.3 billion contraction in crypto-related deposits was steeper than estimated but not a surprise, Raymond James said in a report, also on Tuesday. The bank’s growth is not dependent on “digital currency ecosystem growth,” the note said, adding that while the firm’s exposure to the cryptocurrency ecosystem remains a
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Bitcoin Miner Core Scientific Sticks With Its Year-end Hashrate Projection
CEO Mike Levitt said in a statement that given enhanced liquidity from selling bitcoin, a new equity facility and “line of sight to improved hosting margins and manageable principal and interest payments” on their debt, the company is “well positioned” to navigate the market and emerge bigger, stronger and more
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Crypto Exchange Development: Its Core Features, Benefits & Costs
Millions of people now engage in the hobbies of crypto mining and trading. Customers and financial institutions are using virtual currencies, despite the predictions of doubters that they will fail. The positions of Bitcoin and other cryptocurrencies have not altered substantially.This sector, however, is dominated by a few of the
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First Mover Americas: Bitcoin Jumps After Core CPI for July Comes In Lower Than Expected
The latest price moves in bitcoin (BTC) and crypto markets in context for August 10, 2022. Source
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Core Scientific Sold More Bitcoin in July Than It Mined
The miner still holds 1,205 bitcoins and expects to continue to sell its mined coins to pay for expenses. Source
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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July —
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