US bitcoin miner Core Scientific files for bankruptcy

CategoriesIssue Dec'22, Issue Jan'23, The Crypto Unraveling_, The Crypto Unraveling.


  • 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.

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