Kommunitas

<p>One of the largest public Bitcoin miners, Core Scientific is filing for bankruptcy as of December 21st, 2022. Despite the shocking news, the company still generates positive cash flow and plans to continue mining while repaying debtholders.Core disclosed that it would not make its debt payments coming due in late Oct. and early Nov. — and said that creditors were free to sue the company for nonpayment. At some point, the company will not liquidate but will continue to operate normally while reaching a deal with senior security noteholders, which hold the bulk of the company’s debt.</p><p>#KOMnews #kommunitas #core #scientific #bitcoin #miner #btc #bankrupt #cryptoupdate #cryptonews #cryptocurrency #blockchaintechnology</p>

Core Scientific is Filling for Chapter 11 Bankruptcy

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