A Bitcoin Miner Promised To Help A Texas Town. It Went Bankrupt Instead. Now, It’s Pivoting To AI

Core Scientific went bankrupt after selling the city of Denton, Texas on a crypto mine that doubled its energy footprint. Now, emerging from bankruptcy, the company has convinced the city to support ... Read More

Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month

Core Scientific, one of the most prominent victims of the crypto winter among bitcoin miners, received approval for its Chapter 11 reorganization plans from the Southern District of Texas ... Read More

Public Miner Capitulation Takes Shape With Core Scientific On The Ropes

News shows that Core Scientific, the largest publicly traded mining company by hash rate and miner fleet, may face bankruptcy. The highlights from their SEC filing are the following: Core Scientific ... Read More

Core Scientific files for bankruptcy as crypto winter bites

Austin, Texas-based Core Scientific attributed its bankruptcy to slumping bitcoin prices, rising energy costs for bitcoin mining and a $7 million unpaid debt from U.S. crypto lender Celsius ... Read More

Bitcoin miner Core Scientific gets court approval for restructuring

NEW YORK (Reuters) - A U.S. bankruptcy judge on Tuesday approved Core Scientific's Chapter 11 restructuring, allowing the bitcoin mining company to cut $400 million in debt and emerge from ... Read More

Bitcoin mining firm Core Scientific is going public via SPAC in a $4.3 billion deal

Core Scientific owns four US facilities where it operates proprietary mining facilities and hosts bitcoin and other digital asset mining hardware for customers. The company said it operates with ... Read More