tl;dr:
- Core Scientific reiterated it could run out of cash before the end of the year as lawsuits are piling up.
- Core Scientific has been affected by the bankruptcy of lender Celsius’s mining arm, one of its biggest clients.
- Two other companies sued CORZ in November: Sphere 3D (ANY) and McCarthy Building Companies. A class-action lawsuit was filed in the same month in Texas courts alleging failures to disclose important information to investors.
Continue reading “US bitcoin miner Core Scientific files for bankruptcy”
