Trending Topic: Core Scientific In 'substantial Doubt' Of Continuing Without More Cash


We've curated a list of the most popular news articles and tweets on the following trending topic - Core Scientific in 'substantial doubt' of continuing without more cash.

Core scientific, a Bitcoin mining firm, reported a $400 million quarterly loss according to a recent filing by the firm. This seems an indication of looming bankruptcy.

Core Scientific recorded its second consecutive quarterly loss in Q3, which brings the firm's total loss this year to nearly $1.7 billion. 

Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. The post Core Scientific might not make it past November 2023 after revealing $1.7B in losses appeared first on CryptoSlate.

The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.

Bitcoin miner Core Scientific said there was a "substantial doubt" that it could keep operations going past November 2023, while struggling to look for additional financing and cut costs. The post Core Scientific warns of ‘substantial doubt' to continue operations, posts $435 million loss appeared first on The Block.

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