BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan By Cointelegraph
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© Reuters. A United State bankruptcy court has granted (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund it amid liquidity issues.
Core Scientific is one of the largest cryptocurrency mining companies in the United States, but it filed for Chapter 11 bankruptcy on Dec. 21 as a result of rising energy costs, declining revenue and the declining price of BTC in 2022.
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© Reuters. A United State bankruptcy court has granted (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund it amid liquidity issues.
Core Scientific is one of the largest cryptocurrency mining companies in the United States, but it filed for Chapter 11 bankruptcy on Dec. 21 as a result of rising energy costs, declining revenue and the declining price of BTC in 2022.
Continue Reading on Coin Telegraph
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