News Roundup: Core Scientific Sliding Toward Bankruptcy, Block & Argo | Matt Krimmell | The Mining Pod
The Mining Pod | Blockspace Media
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Are the Miners Going to Bankruptcy?
The biggest hosting provider, the biggest self-miner, around 15% of total hash rate right now. This is a bismuth in the mining industry. And likely chapter 11 bankruptcy is around the corner. Core Scientific mined about 1,200 Bitcoin at September, 40 Bitcoin per day. They often mine in one month what other miners mine in one quarter. It's definitely a tough place to be in.
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