News Roundup: Silvergate Troubles, Core Scientific Turns Off 37k Rigs, Argo & Galaxy Partner
Channel: Compass Mining
Date: 2023-01-07

Silvergate Bank hits some rough water and lays off staff, Marathon pays off revolving credit line, Core Scientific parts ways with Celsius, and Argo restructures its debt.

Matt Kimmell: https://twitter.com/MatthewKimmell
Will Foxley: https://twitter.com/wsfoxley

STORIES
https://www.coindesk.com/business/2023/01/05/silvergate-cuts-40-jobs-writes-off-diem-asset-acquisition/

https://www.bnnbloomberg.ca/crypto-miner-core-scientific-to-shut-37-000-celsius-rigs-1.1865410

https://www.coindesk.com/business/2023/01/05/bitcoin-miner-marathon-digital-pays-off-silvergate-revolving-credit/

https://finance.yahoo.com/news/argo-blockchain-plc-announces-transformational-070000486.html

https://mempool.space/mining

TIMESTAMPS:
00:00 Start
01:30 Silvergate & Genesis
05:34 Marathon
07:23 Core Scientific & Celsius
11:51 Argo Blockchain

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