Core Scientific, the largest public bitcoin mining company in the world by production, made headlines in October in a filing with the Securities and Exchange Commission, where it stated recent operational pains as well as a warning of a potential bankruptcy filing.
The news, while somewhat expected, nonetheless caused ripple effects on the market as Core’s stock price tumbled by more than 70% in a day. After all, it accounted for over four percent of the entire bitcoin network block rewards in November. 2022 year-to-date, Core mined more than 11,000 BTC.
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