Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning

Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning
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"With the substantial decline in mining rig prices in 2022, we believe there's a significant chance the creditors holding this debt decide to restructure instead of taking possession of the collateral," Compass Point said in a note. "Still, without knowing how discussions are going with CORZ's creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels."