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Bitcoin Discussion
Re: How can we protect our profits against shrinking margin?
by
LegendaryK
on
31/12/2022, 00:06:16 UTC
https://www.benzinga.com/markets/cryptocurrency/22/10/29445058/is-core-scientific-done-bitcoin-miner-needs-cash-warns-of-bankruptcy-as-stock-plummet
Quote
The Bitcoin miner is looking into a variety of strategic solutions for raising money.
According to Core Scientific, if the
potential capital raise strategies
fail, the company might have to seek bankruptcy protection.
Translated: No Venture Capital money showed up to save them.