Core Scientific in ‘substantial doubt’ of continuing without more cash By Cointelegraph


Core Scientific in ‘substantial doubt’ of continuing without more cash

(BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty.

In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the firm indicated it had accrued a net loss of $434.8 million over the third quarter of 2022.