Wilbur Kwok
New member
Core Scientific Inc., one of the world's largest bitcoin miners, revealed on Thursday that it may file for bankruptcy.
A prolonged decrease in bitcoin values combined with an increase in electricity costs may herald their end sooner than we realize. Celsius Network LLC, a bitcoin lender, is also being sued by the business. It is claimed that Celsius has refused to pay its payments since declaring bankruptcy, putting Core Scientific's financial health at risk.
Will this spell the downfall of many other bitcoin mining companies? What will happen to the crypto market?
A prolonged decrease in bitcoin values combined with an increase in electricity costs may herald their end sooner than we realize. Celsius Network LLC, a bitcoin lender, is also being sued by the business. It is claimed that Celsius has refused to pay its payments since declaring bankruptcy, putting Core Scientific's financial health at risk.
Will this spell the downfall of many other bitcoin mining companies? What will happen to the crypto market?
