Core Scientific, One of the Largest Bitcoin Miners, Files for Bankruptcy Protection

Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report

The company filed for Chapter 11 at Southern District of Texas bankruptcy court. The miner’s estimated liabilities are between $1 billion- $10 billion, according to the filing. It has around 1,000-5,000 creditors, with the largest unsecured claim coming from investment bank B. Riley.

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