• Written by: (Blockchain News
  • Wed, 21 Dec 2022
  •   Hong Kong

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)

Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy