NFT News Today Official TheBitTimes.com

Marathon Digital, a prominent player in the realm of Bitcoin mining, has acknowledged that it inadvertently mined an invalid Bitcoin block as part of an “experimental” endeavor aimed at refining the company’s operational strategies. In a post dated September 27th, Marathon revealed that a minor fraction of the company’s hash rate is allocated to these experiments, emphatically clarifying that their intention was never to tamper with the integrity of the Bitcoin network. Marathon underscored, “This experiment in no way aimed to modify Bitcoin Core in any manner,” emphasizing their swift rectification of the error as soon as the invalid block was detected. Crucially, it’s important to note that the bug responsible for this occurrence originated within the firm’s internal development environment and had no association with Marathon’s Bitcoin production pool or Bitcoin Core—the primary software interface for connecting to the Bitcoin ...

The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims. Bankrupt Bitcoin (BTC) miner Core Scientific filed its Chapter 11 bankruptcy plan. The plan was filed in the United States Bankruptcy Court for the Southern District of Texas Houston Division. The plan was negotiated with key stakeholders, and according to the filing, the firm is “seeking to build as much consensus as possible” about how a new Core Scientific would look after emerging from its bankruptcy proceedings. The company said it had seen a boost in liquidity since filing for Chapter 11 bankruptcy and is focused on revamping its business plan to make a successful comeback. The company attributed its improved financial performance to higher Bitcoin prices, increased network hash rate and reduced energy costs. A Chapter 11 bankruptcy allows a firm to continue operating until stakeholders agree on a restructuring plan, which could involve me...