Bitcoin Miner Core Scientific Files for Bankruptcy Protection
Dec 21,2022,10:08
Bitcoin miner Core Scientific has filed for Chapter 11 at Southern District of Texas bankruptcy court. Its estimated assets and liabilities are between $1 billion- $10 billion, according to the filing.
According to CoinDesk, Core Scientific accounts for about 10% of computing power on the Bitcoin network. The company first warned of the risk of bankruptcy in October.
