News Formal

Cryptocurrency miner Core Scientific files for bankruptcy as industry contagion bites

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Core Scientific said it would not liquidate and would continue to operate normally, as it expects to enter into a restructuring support agreement with its creditors

The company’s shares, which have lost roughly 98 per cent of their value so far in 2022, fell another 14 per cent in premarket trading.

One of the largest creditors of Core Scientific, B. Riley Financial Inc, had offered $72-million last week to avoid the bitcoin miner’s bankruptcy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

PierrePoilievre 🤣🤣🤣😂😂😂🤣😂🤣🤣🤪🤪🤪🤪🤪🤪

1MikeMorris PierrePoilievre take note 🤣😅🤣😂

SusanneDeb Things keep getting worse and worse for the crypto believes. I just hope no Canadians actually put money in cryptocurrency on the advice of PierrePoilievre ….

FUD

PennyPo54201061 I think this article is for you, PierrePoilievre

😂😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines