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

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

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

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

www.coindesk.com