One of the largest US-listed bitcoin miners has filed for bankruptcy as companies battle falling token prices and rising costs for the energy-intensive business of churning out cryptocurrencies.
Core Scientific filed for Chapter 11 bankruptcy protection in Texas, where it is based, on Wednesday.
The company said it planned to keep operating and producing bitcoin while it hammered out a restructuring deal with its lenders and creditors.
The Nasdaq-listed crypto miner is a constituent of…
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