One of the largest bitcoin miners files for bankruptcy protection as token prices fall and energy costs rise

Dec 21 2022 by Business Insider

 

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Core Scientific filed for bankruptcy protection on Wednesday amid falling crypto prices and high energy costs.  The Nasdaq-listed firm is one of the largest US miners of bitcoin.  The company's valuation reached as high as $3 billion in April of this year. 

Crypto mining firm Core Scientific filed for bankruptcy protection on Wednesday, the latest digital asset company to fall this year. 

The Texas-based company is one of the largest US miners of bitcoin has been...

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