Stock price for troubled Bitcoin miner Core Scientific surges 200%

Stock price for troubled Bitcoin miner Core Scientific surges 200%

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor that is hoping the firm can avoid bankruptcy.

Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — a gain of 198%.

A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView

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