The major publicly listed Bitcoin (BTC) mining company Core Scientific has admitted it could run out of money by the end of the year, and that bankruptcy is a possibility. The company's liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around $69,000 late last year, to just over $20,000 as of today. Bitcoin miners are often highly leveraged and their margins are extremely sensitive to the price of Bitcoin....
The major publicly listed Bitcoin (BTC) mining company Core Scientific has admitted it could run out of money by the end of the year, and that bankruptcy is a possibility. The company's liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around $69,000 late last year, to just over $20,000 as of today. Bitcoin miners are often highly leveraged and their margins are extremely sensitive to the price of Bitcoin....
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