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The world's largest bitcoin miner, Core Scientific (CORZ), said it anticipates existing cash resources will be depleted by the end of the year, possibly sooner.<br />"Substantial doubt exists about the company’s ability to continue as a going concern for a reasonable period of time," it said in a filing Thursday. Shares of the company, which went public in January, fell about 30% in U.S. pre-market trading.<br />The Austin, Texas-based company will not make payments due in late October and early November 2022 with respect to several of its equipment and other financings, it said in a filing Thursday. Creditors may decide to sue the company for non-payment or take action with respect to collateral, it said.

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【Core Scientific says it may run out of cash this year】The world's largest bitcoin miner, Core Scientific (CORZ), said it anticipates existing cash resources will be depleted by the end of the year, possibly sooner.
"Substantial doubt exists about the company’s ability to continue as a going concern for a reasonable period of time," it said in a filing Thursday. Shares of the company, which went public in January, fell about 30% in U.S. pre-market trading.
The Austin, Texas-based company will not make payments due in late October and early November 2022 with respect to several of its equipment and other financings, it said in a filing Thursday. Creditors may decide to sue the company for non-payment or take action with respect to collateral, it said.

Core Scientific says it may run out of cash this year

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