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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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Bitcoinist broke the news in on Wednesday, December 21, 2022.
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