Crypto Miner Consolidation Imminent as Some Industry Players Struggle

As more miners report dire financial pressures tied to low crypto prices, high energy costs and debt, a pickup in consolidation is inevitable, industry watchers said.  After Core Scientific revealed in filings last week it was considering bankruptcy, Argo Blockchain became the latest large bitcoin miner to reveal financial pressures, saying an expected capital injection of $27 million had fallen through.  A company spokesperson declined to comment. As small to midsize firms struggle, larger mining rig operators have expressed interest in buying opportunities. Among the possible acquirers is Marathon Digital, which previously said it was more focused on building organically