The consequences of the bear market might soon push the US-based BTC miner - Core Scientific - to file for bankruptcy.
The consequences of the bear market might soon push the US-based BTC miner – Core Scientific – to file for bankruptcy.
The firm’s shares took a major punch following the news. Current market data shows they trade at around $0.28, an approximately 72% decline compared to yesterday’s figures. The company has been actively exploring alternatives and hired several professionals to help with its issues. However, there is a real chance it could run out of funds by the year’s end and seek bankruptcy protection:
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