debt

AI Artwork collapse falling down crumbling (DALL-E/CoinDesk)
Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout.
AI Artwork collapse falling down crumbling (DALL-E/CoinDesk)

CDCROP: Singapore cityscape (Unsplash)
Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore
The company said it has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful.
CDCROP: Singapore cityscape (Unsplash)

CDCROP: Mining rig (Getty Images)
Bitcoin Mining Firm TeraWulf Raised $17M of Capital in Q3, But Cash Reserves Remain Low
The mining firm has a liquidity position of $4.5 million and outstanding loan principal of $138.5 million.
CDCROP: Mining rig (Getty Images)

CDCROP: Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto market downturn.
CDCROP: Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)

CDCROP: A bitcoin mining farm
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.
CDCROP: A bitcoin mining farm

Core Scientific's Marble facility in North Carolina. (Core Scientific)
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
The company last week warned it may have to explore bankruptcy as its financial condition worsens.
Core Scientific's Marble facility in North Carolina. (Core Scientific)

CDCROP: Money currency (Unsplash, modified by CoinDesk)
DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave
Clave will use the pool to originate loans to Latin American businesses and consumers.
CDCROP: Money currency (Unsplash, modified by CoinDesk)

CDCROP: Bithumb website (Shutterstock)
Crypto Exchange Bybit Spends $3.8M on Bithumb Shareholder T-Scientific's Convertible Debt
The Dubai-based exchange said it sees the investment as a means to expand into the Korean market.
CDCROP: Bithumb website (Shutterstock)

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Aaron Kotowski/Stronghold Digital Mining)
Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%
Stronghold won't have to pay up to $25 million of profit share to Northern Data, after ending bitcoin mining rig hosting deal.
Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Aaron Kotowski/Stronghold Digital Mining)

Credit Suisse
What Credit Suisse and Three Arrows Capital Have in Common
One of the world’s most embarrassingly bad banks is tanking – and some of its biggest missteps will look all too familiar to crypto financiers.
Credit Suisse