Due to dropping income and BTC prices, Core Scientific filed for Chapter 11 bankruptcy in Texas. In July 2021, the company was valued at $4.3 billion. Due to a lengthy bear market, Core Scientific sold 9,618 BTC in April to continue functioning. Microsoft has banned cloud customers from mining cryptocurrency to improve service reliability. (Read More)
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Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
![Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy]()
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December 21, 2022
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