Litecoin and Dogecoin experienced significant hash rate increases, reaching all-time highs, driven by increased mining profitability. A mining company’s report highlighting threefold profit gains from mining LTC and DOGE compared to BTC fueled this surge.
Core Scientific Inc. (CORZ) shares declined on Tuesday after the company announced a proposed offering of $350 million in convertible senior notes. The company plans to use the proceeds to repay outstanding loans and redeem its senior secured notes due in 2028. This move comes as Core Scientific faces financial pressure in the cryptocurrency mining industry.
