B. Riley Financial Offers Credit Facility to Core Scientific to Avoid Bankruptcy

B.Riley believes that Core Scientific will be able to restructure its debt with the credit facility despite challenging market conditions.

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B. Riley Financial Offers $72M To Core Scientific, Says “Bankruptcy is Not Necessary at All”

One of Core Scientific’s major creditors, B. Riley Financial, a diversified financial services company, today sent an open letter to the company’s shareholders and lenders.  Bitcoin (BTC) miner Core Scientific is among several miners battling to stay afloat as growing energy costs push up expenses and persistently low bitcoin prices drive down profits. For several equipment lenders […]

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Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy

B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.

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Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley

The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations amid the market downturn. (Read More)

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Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters

The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must be overcome first before the BRICS currency becomes a reality. Debt Ceiling [...]

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