Is Core Scientific Just The Harbinger Of A Full-Scale Bankruptcy Wave In Bitcoin Mining?

By akohad Oct31,2022


Image credit — Core Scientific

Core Scientific, the largest miner in the U.S., stopped making payments to creditors. The company has dumped its bitcoin reserves, its stock price has fallen by about 90 percent, and mining itself remains highly unprofitable. Is Core Scientific just the harbinger of a full-scale bankruptcy wave in bitcoin mining?


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By akohad

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