Wednesday, January 4, 2023

Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy (Eliza Gkritsi/CoinDesk)

Eliza Gkritsi / CoinDesk:
Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy  —  The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.



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Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq 100's 35, fueled by Beijing's tech push and an investor frenzy (William Sandlund/Financial Times)

William Sandlund / Financial Times : Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq...