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

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

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The company filed for Chapter 11 at Southern District of Texas bankruptcy court as the crypto winter continues to take its toll on the industry. 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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