Bitcoin Miner Core Scientific Signs 75MW Hosting Deal
Once all the ASIC servers are fully deployed, the agreement is seen generating about $50 million in annual revenue, said the company. Source
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Core
Bitcoin Miner Core Scientific Gets $100M Equity Financing Despite Bear Market
Core has been raising cash by selling some of the bitcoins it has been mining. Last month, it sold 7,202 bitcoins at an average price of $23,000 to raise about $167 million. The miner said it intends to use the proceeds from the sales mainly for payments toward ASIC servers,
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Former head of TikTok gaming leaves Web2 to build core Web3 protocol
Cryptox had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store for him. The former gaming head expressed an elevated level of excitement, proclaiming
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Bitcoin Core Developer Pieter Wuille Scales Back His Maintenance Role
Belgian-born Bitcoin Core developer, Peter Wuille is scaling back his contributions to Bitcoin Core. Nevertheless, he will continue contributing code to the project and remains a key player in the Bitcoin ecosystem, given both his influence in the Bitcoin community and his role at Chaincode Labs. Source
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Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M
Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled
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Core Scientific sold $167M worth of Bitcoin holdings in June
United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its data capacity, and settle debts.In a Tuesday announcement, Core Scientific said it had sold roughly $167 million worth of Bitcoin (BTC) in June at an average price of $23,000 —
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Core Scientific Sold Over 7K Bitcoins for About $167M in June, Sees More Sales
Core Scientific’s operations produced 1,106 bitcoins in June, about 36.9 bitcoins a day, slightly higher than in May. Bitcoin production was helped by server deployments in June, but production advances were limited by a “substantial increase in curtailment activity,” Core said in its update. Daily production rose by about 14%
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Core Everscale Developers Broxus to Host Elysium Hackathon in Belgrade and Online – Press release Bitcoin News
press release PRESS RELEASE. Broxus, the core development team behind many of the platforms that make up the Everscale network ecosystem, will be hosting its first-ever hackathon in Belgrade, Serbia from July 14-17. The hackathon is the latest development in what has been a remarkable 2022 for the Everscale network.
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Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook
These market dynamics, though, have helped create some possible M&A opportunities because of the company’s size and funding, Levitt said. “We believe we're well positioned for continued growth and to take advantage of new opportunities that may come our way in this type of environment,” he said, adding: “We're starting
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Core Scientific Cuts Hashrate Outlook, Q1 Revenue Misses Estimates
Despite the news, shares of the miner were up in after-hours trading. Original Source
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