Public Bitcoin mining companies plagued with $4B of collective debt
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Bitcoin mining companies close out year $4 billion in debt: Report
Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate Index. Bitcoin miner Core Scientific is the hardest hit among the lot, according to the report. The company owes $1.3 billion to creditors and has filed for Chapter 11 bankruptcy protection, as reported by The Block. The troubled miner is trying to…
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