At the peak of the 2021 bull market, when the bitcoin price rose more than $60,000, the company was the largest publicly traded bitcoin miner by computing power or hash rate, operating 143,000 mining rigs. However, by the time Core Scientific filed for Chapter 11 on Dec. 21, 2022, the price of bitcoin had tumbled to around $16,000.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.coindesk.com/business/2024/01/16/bitcoin-miner-core-scientific-to-emerge-from-bankruptcy-re-list-shares-this-month/?utm_medium=referral&utm_source=rss&utm_campaign=headlines