Bitcoin Miner Core Scientific Files for Chapter 11 Bankruptcy
Nasdaq-listed Bitcoin mining company Core Scientific has filed for Chapter 11 bankruptcy, citing low Bitcoin prices and high costs.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal
Cypherpunk Technologies acquired roughly 18% of Zcash’s mining power in a $33.33 million equity deal that could dilute shareholder...
Bitcoin miners’ AI pivot pays off, but mining could revive with one twist
Miners with AI and high-performance computing contracts have commanded higher valuations as declining bitcoin prices and hashprice...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total
Canaan's July mining update counted 4.96 exahashes per second from paused operations in Ethiopia inside 14.24 EH/s of global opera...
Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding rou...
Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff
In Bitcoin news today, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, argued this week that gold remains ea...