Once the crypto industry’s largest mining company, Core Scientific suffered an astounding, and swift, fall from grace last November, when bitcoin prices cratered amid cryptocurrency exchange FTX’s mid-November implosion. The company went public with a $4.3 billion valuation in 2021, but its market capitalization had fallen to $78 million by the time it filed for bankruptcy last December.
Source: https://www.coindesk.com/policy/2023/05/22/core-scientific-hopes-to-emerge-from-bankruptcy-by-september-lawyers-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines