Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index.

U.S. bitcoin miner Core Scientific received court approval on Thursday to fund its Chapter 11 case with a $37.5 million loan from a group of existing creditors.

Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection, The Block has learned.

Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. 

Publicly-listed Bitcoin miner Core Scientific is planning to file for Chapter 11 bankruptcy protection in Texas on Wednesday as the bear market intensifies.

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy.

United States-based financial services company B. Riley has offered embattled Bitcoin mining firm Core Scientific $72 million to fix its debt issues and avoid bankruptcy.

Investment bank B Riley, one of bitcoin miner Core Scientific's (CORZ) top lenders, has proposed a new $72 million financing<b> </b>plan<b> </b>so that the struggling company can avoid bankruptcy.

In its quarterly report filed with the SEC, the company said “substantial doubt” exists about its ability to continue going if it fails to raise liquidity.

Bitcoin (BTC) mining firm Core Scientific could be next in line for a bankruptcy filing, after posting a loss of well over $400m in the third quarter.