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.
Related posts
-
Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC
The business intelligence firm Microstrategy has added more to its bitcoin (BTC) holdings, according to a... -
Metaplanet Picks up 620 Bitcoin as Ripple Token Leads Market Lower
XRP dropped 3% in the past 24 hours, leading losses among major tokens as bitcoin (BTC)... -
El Salvador celebrates Christmas 2024 by buying another Bitcoin
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC)...