The consequences of the bear market might soon push the US-based BTC miner - Core Scientific - to file for bankruptcy.
The consequences of the bear market might soon push the US-based BTC miner – Core Scientific – to file for bankruptcy.
The firm’s shares took a major punch following the news. Current market data shows they trade at around $0.28, an approximately 72% decline compared to yesterday’s figures. The company has been actively exploring alternatives and hired several professionals to help with its issues. However, there is a real chance it could run out of funds by the year’s end and seek bankruptcy protection:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Public Bitcoin miners' hash rate is booming — but is it actually bearish for BTC price?Efforts to keep Bitcoin mining operations afloat may end up stressing the spot BTC price further lower.
Read more »
Long-Term Bitcoin Holders Have Amassed Over 75% of BTCBitcoin has consistently made lower highs since June and a breakout before the fourth halving event appears unlikely.
Read more »
BTC/USD Forex Signal: Breakout Brings 21,000 to ViewThe BTC/USD price rose to above 20,000 for the first time since October 7 as American stocks rebounded and bond yields slipped.
Read more »
Aussie federal budget reaffirms BTC won’t be treated as foreign currencyThe Australian government has clarified that, despite El Salvador’s adoption of BTC as legal tender, it will continue to be treated like other digital assets with capital gains tax measures and not like a foreign currency.
Read more »
Asset management firm launches BTC Lightning Network startup acceleratorAmid rapid growth for the Bitcoin Lightning Network, an asset management firm has launched a startup accelerator providing funding and expert advice to successful applicants.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Slips, Following Move Above $21,000 – Market Updates Bitcoin NewsBitcoin fell marginally lower on Thursday, as traders moved to secure gains following yesterday’s price surge.
Read more »