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AMB Crypto
2022-12-21 11:47:00

Core Scientific files for Chapter 11 bankruptcy, mining operations will continue

Core Scientific files for Chapter 11 bankruptcy, mining operations will continue

Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc. has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The mining firm’s liabilities are estimated to be between $1 billion and $10 billion.

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