Home Bitcoin News Bitcoin Mining Bitcoin Miner Core Scientific's Shares Plummet After Chapter Warning – CoinDesk

Bitcoin Miner Core Scientific's Shares Plummet After Chapter Warning – CoinDesk

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“With the substantial decline in mining rig costs in 2022, we imagine there is a vital probability the collectors holding this debt determine to restructure as an alternative of taking possession of the collateral,” Compass Level mentioned in a be aware. “Nonetheless, with out realizing how discussions are going with CORZ’s collectors, we predict a situation the place CORZ has to file for Chapter 11 safety needs to be taken severely, particularly if BTC costs decline farther from present ranges.”

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