One of the Biggest Bitcoin (BTC) Miners in the Industry Files for Bankruptcy: Report

A prominent Bitcoin (BTC) and crypto mining firm is reportedly filing for Chapter 11 bankruptcy as the bear market takes its toll on the industry. According to a new report by CNBC, Core Scientific, one of the largest publicly-traded mining companies in the industry, is filing for bankruptcy protection in Texas after its stock plummeted by 98% this year. However, the company is still reporting possible cash flow and plans to continue operating and repaying its debts without liquidating its assets, an anonymous source familiar with the situation told CNBC. Core Scientific initially went public in July 2021 through a special