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https://www.wsj.com/articles/bitcoin-miner-core-scientific-says-it-may-file-bankruptcy-amid-crypto-slump-11666880536
Cryptocurrency miner Core Scientific Inc., one of the world’s largest bitcoin miners, said Thursday that it may seek bankruptcy protection as it contends with the prolonged slump in bitcoin prices coupled with an increase in electricity costs.
The Austin, Texas-based company is also in litigation with crypto lender Celsius Network LLC, and alleges that Celsius has refused to pay its bills since it filed for chapter 11 itself, threatening Core Scientific’s own financial health.
Core…
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