Core Scientific may consider bankruptcy following uncertain financial condition: Report

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Core Scientific may consider bankruptcy following uncertain financial condition: Report
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It's a battle of accusations as mining company Core Scientific reportedly braces for bankruptcy. How many more firms are staring insolvency in the face?

), rising costs of electricity, an increase in the global BTC hash rate and legal issues with crypto lending firm Celsius.that Celsius owed the firm more than $2.

1 million for post-petition charges, and it would continue to lose roughly $53,000 daily until its financial obligations were met. Celsius has countered that the mining firm delayed deployment of their rigs and supplied less power than required under a previously agreed upon contract.

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