Why is Core Scientific, the largest bitcoin miner in North America, on the brink of bankruptcy?
wublock.substack.com
Editor: Kate Li, TSE Core Scientific, one of the largest publicly traded crypto mining companies in the U.S. with a purported 457 MW of operations, filed a statement with the U.S. Securities and Exchange Commission last week citing the possibility of bankruptcy in the future, the company also revealed , it won't pay its debt due in late October and early November, and its stock price plummeted 77%, further widening the endgame for Core.
Why is Core Scientific, the largest bitcoin miner in North America, on the brink of bankruptcy?
Why is Core Scientific, the largest bitcoin…
Why is Core Scientific, the largest bitcoin miner in North America, on the brink of bankruptcy?
Editor: Kate Li, TSE Core Scientific, one of the largest publicly traded crypto mining companies in the U.S. with a purported 457 MW of operations, filed a statement with the U.S. Securities and Exchange Commission last week citing the possibility of bankruptcy in the future, the company also revealed , it won't pay its debt due in late October and early November, and its stock price plummeted 77%, further widening the endgame for Core.