The major publicly listed Bitcoin (BTC) mining company Core Scientific has admitted it could run out of money by the end of the year, and that bankruptcy is a possibility.
The company’s liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around $69,000 late last year, to just over $20,000 as of today. Bitcoin miners are often highly leveraged and their margins are extremely sensitive to the price of Bitcoin….
Read More: Leading Public Bitcoin Miner Core Scientific to File for Bankruptcy
The company’s liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around $69,000 late last year, to just over $20,000 as of today. Bitcoin miners are often highly leveraged and their margins are extremely sensitive to the price of Bitcoin….
Read More: Leading Public Bitcoin Miner Core Scientific to File for Bankruptcy
