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Published 1 year ago

Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning

Summary by Ground News
Core Scientific, one of the world's largest bitcoin miners, saw its stock crater over 75% to new all-time lows in Thursday afternoon trading. The Austin, Texas-based miner said it won't pay equipment-related debt obligations that are coming due in late October and early November. The recent market downturn has driven a raft of crypto-related firms to seek bankruptcy protection.

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CNBCCNBC

Bitcoin miner Core Scientific issues bankruptcy warning and the stock is down 97% for the year

Bitcoin miner Core Scientific raised the possibility of bankruptcy in an SEC filing.

1 year ago·United States
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BloombergBloomberg

Bitcoin Miner Core Scientific Says It May Seek Bankruptcy

Core Scientific Inc., one of the world’s largest miners of Bitcoin, warned that it may run out of cash by the end of the year and could seek relief through bankruptcy protection.

1 year ago·United States
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Seeking AlphaSeeking Alpha

Core Scientific stock collapses after bitcoin miner warns it may file for bankruptcy

One of the world's largest bitcoin (BTC-USD) miners, Core Scientific (CORZ), saw its stock crater over 75% to new all-time lows in Thursday afternoon trading after it warned investors...

1 year ago·United States
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Coin DeskCoin Desk

Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning

The world's largest bitcoin miner said it will not make payments that are due in the next few days as its reserves dwindle.

1 year ago·Manila, Philippines
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us.comus.com

Core Scientific shares fall 76% after the bitcoin miner warns it will probably’t pay debt

Core Scientific (CORZ) won’t make debt funds due in October and November, in accordance with a brand new securities submitting. Shares of the bitcoin mining firm had been down as a lot as 76% on Thursday morning. Core stated it is exploring alternate options to its capital construction and is working with monetary and authorized […]

1 year ago
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bloombergtax.combloombergtax.com

Bitcoin Miner Core Scientific Says It May Seek Bankruptcy (1)

Core Scientific Inc., one of the world’s largest miners of Bitcoin, warned that it may run out of cash by the end of the year and could seek relief through bankruptcy protection.

1 year ago
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