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Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is report edly under investigation by the U.S. Securities and Exchange Commission (SEC) for its transactions with a client associated with securities fraud, Bloomberg report s, citing sources close to the matter. According to the report , the investigation apparently linked to Brian Kahn, an unnamed co-conspirator in a U.S. Department of Justice criminal case linked to the 2020 collapse of the Prophecy Asset Management hedge fund. Sources claim that SEC officials conducted interviews in recent months to explore Kahn’s role in orchestrating the buyout of Franchise Group Inc., a deal facilitated by B. Riley and partly financed by Nomura Holdings Inc. You might also like: Core Scientific emerges from Chapter 11 bankruptcy B. Riley is known on the crypto market as a backer of two large Bitcoin ...

On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rig s for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J Pro Units at $15.50 per Terahash After the bitcoin (BTC) mining company Cleanspark (Nasdaq: CLSK) said its total hashrate exceeded 5 exahash per second (EH/s), the firm explained it would raise its year-end goals to 5.5 EH/s by the year&#x2019 ;s end. A week later, Cleanspark disclosed that the bitcoin mining firm has acquired a new batch of mining rig s for $5.9 million or $15.50 per terahash. The bitcoin mining company purchased a total of 3,853 Antminer S19J Pro units, a mining rig that produces roughly 96 terahash per second (TH/s) per machine. “This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets,” the CEO of Cleanspark, Zach...

One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to pay down debt payments due for Oct. and early Nov. 2022. SEC Filing Shakes Core Scientific Investors, CORZ Slides 97% in 12 Months Bitcoin miners are having issues after the price of bitcoin (BTC) has slid roughly 70% against the U.S. dollar since Nov. 10, 2021. Moreover, the network’s mining difficulty is currently at an all-time high, making it harder than ever before to find a block subsidy. At the end of September, Bitcoin.com News reported on Compute North filing for bankruptcy and how it led to Marathon Digital’s shares getting downgraded. Now Core Scientific (Nasdaq: CORZ) seems to be leaning in the direction of filing for bankruptcy protection or some sort of restructuring ...