Quick TakeThis is part of The Block Research’s Market Commentary seriesOctober 28, 2022, Core Scientific filed an 8K announcement with the Securities & Exchange Commission detailing their financial performance concernsManagement anticipates running out of cash by the end of 2022, if not sooner Per today’s filing, Core Scientific will be unable to pay for some of its equipment and debt Core Scientific joins the list of distressed digital asset firms hampered in 2022 For additional coverage of bankruptcies and financial woes within crypto please refer to The Block Research’s coverage of Celsius and Voyager DigitalFor additional coverage on digital asset miners please refer to The Block Research’s coverage of Riot, Marathon and StrongholdDisclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research
