Published 1 year ago

Bitcoin miner Core Scientific to file for Chapter 11 bankruptcy

Summary by Ground News

Core Scientific is one of the largest miners of the cryptocurrency bitcoin. The Austin, Texas-based company has locations in Georgia, Kentucky, North Carolina and North Dakota. The company's value has dropped from about $4.3 billion in July 2021, to about $78 million at the close of market on Wednesday.

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Reuters

Bitcoin mining core science to file for bankruptcy soon = report

[Reuters on the 21st] - Crypto asset (virtual currency) Bitcoin mining (mining) giant, US Core Scientific, will soon apply for application of Section 11 of the Federal Bankruptcy Law. CNBC reported it as a story from a related source. I will apply to the Texas bankruptcy court for application of the same law as early as the 21st. Business will continue as usual without liquidation. It is said that an agreement has been established with high-rank…

1 year ago·United Kingdom

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The Star Kuala Lumpur

Core Scientific files for bankruptcy as crypto winter bites

(Reuters) -Core Scientific Inc, one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector.

1 year ago·Malaysia

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The Washington Post

Core Scientific declares bankruptcy as crypto winter lingers

Core Scientific Inc., one of the largest miners of bitcoin, became the latest crypto company to file for bankruptcy as the industry reckons with a plunge in digital-asset prices.

1 year ago

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CNBC

Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining

Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy protection.

1 year ago·United States

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Channel News Asia

Bitcoin miner Core Scientific to file for Chapter 11 bankruptcy

Core Scientific Inc, one of the biggest publicly traded crypto mining companies in the United States, will soon file for Chapter 11 bankruptcy protection, CNBC reported, citing one person familiar with the matter.The company will file for bankruptcy protection in Texas early on Wednesday morning but will

1 year ago·Singapore

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