Sunday, April 2, 2023

Core Scientific Close to Bankruptcy

By DAC000 , in Bitcoin , at October 29, 2022 Tags:

according to multiple sources (CoinCodeCap linked here). About a two minute read.

Comment: wow, they’re only holding 24 Bitcoin now compared to 1,051 Bitcoin last month? Precarious financials indeed, consider energy costs have spiked over the past six months or so. I mine and while I won’t pimp the name of my service provider they seem to have a good mix: they do undertake proprietary mining, but also charge folks like me to host mining rigs. Core Scientific just does proprietary mining.