Core Scientific in 'substantial doubt' of continuing without more cash

Cointelegraph

Published Nov 22, 2022 09:23PM ET

Updated Nov 22, 2022 11:00PM ET

Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty.

In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the firm indicated it had accrued a net loss of $434.8 million over the third quarter of 2022.

Continue Reading on Coin Telegraph