https://www.ft.com/content/61a25fc6-75d9-4299-a524-548146caa1ff
As a result of falling token prices and rising cryptocurrency mining fees, one of the largest bitcoin miners in the United States has filed for bankruptcy .
B Riley said Core Scientific owes hundreds of millions of dollars because of the company's aggressive and misguided strategy to continue building mining power facilities.
Core Scientific is a constituent of the Russell 2000 Index, a broad benchmark of small U.S. companies, so the bankruptcy is feared to be a blow to many investors and cryptocurrency industries.
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