in

Core Scientific may consider bankruptcy following uncertain financial condition: Report

According to a Nov. 1 report from Bloomberg Law, the Core Scientific bondholders worked with legal firm Paul Hastings following a United States Securities and Exchange Commission filing suggesting financial distress. The Oct. 26 filing indicated that the mining company was unable to meet its financial obligations in late October and early November, citing the low price of Bitcoin (BTC), rising costs of electricity, an increase in the global BTC hash rate and legal issues with crypto lending firm Celsius.

Continue Reading on Coin Telegraph


Source: Cryptocurrency - investing.com

Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings

Treasury Department announces new Series I bond rate of 6.89% for the next six months