Big Tech Wreck As Earnings Disappoint | Weekly Round Up
Supply Shock
00:00
Is Core Scientific Going Bankrupt?
core scientific, which is the largest public miner says that it may see bankruptcy by the end of the year. It's indicated that it won't make payments that are coming due in late October. And those ASICS from the times they've been to the loan have lost a lot of value. Mark: I think you can take two things away from this one. Just like winter, cleansing is good. But if you put yourself in a position to lose, meaning too much leverage in a difficult period, I think the market needs to cleanse.
Transcript
Play full episode
