Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff
The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model. Source
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Restructures
Crypto Trading Firm Auros Global Restructures $18M in Debt on Maple Finance
Crypto trading firm Auros Global, a victim of crypto exchange FTX’s bankruptcy, has reached a resolution to restructure its distressed debt on blockchain-based lending protocol Maple Finance, its primary creditor, M11 Credit, said in a statement on Wednesday. Source
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Bitcoin Miner Stronghold Digital Restructures Remaining $55M of Debt
Stronghold also signed a two-year deal with miner hosting company Foundry for 4,500 miners, totaling approximately 420 petahash/second in computing power with an average efficiency of 35 joules/terahash. The hosting fee will be the realized net cost of power at Stronghold’s Panther Creek Plant plus 10%. Foundry and CoinDesk share
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New York Bitcoin Miner TeraWulf Restructures Debt
Under the restructuring signed on Jan. 27, amortization of the term loan will be replaced with a free cash flow sweep mechanism through April 2024, according to a Wednesday press release. TeraWulf will also be able to extend the maturity date of its term term loan to April of 2024,
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Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
In addition, Greenidge is actively pursuing a sale of excess real estate from its South Carolina mining facility. Any proceeds would go towards the note. If the miner is able to pay down $6 million or more prior to June, monthly payments would be trimmed to $400,000 from the currently
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Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin Cash
On January 31, Btc.top founder Jiang Zhuoer addressed the Bitcoin Cash (BCH) community again after his initial proposal last Wednesday was met
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