Escaping Jack Dorsey’s BTC miners cost $41.9 million
Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.
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BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide
Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.
BlockFi faces heavy losses from its loan to Core Scientific
Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
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