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According to Coindesk, Core Scientific, the publicly listed bitcoin miner, ended October with $32.2 million in cash and 62 BTC ($975,000) and said it may run out of money before the end of the year. The company first warned of bankruptcy risk about a month ago, sending its shares plummeting about 80% on Nasdaq. The miner had 1,051 BTC and $29.5 million in cash at the end of September. The mining firm is in talks with creditors to restructure its debt and raise capital. The miner was running 232,000 machines in its facilities as of the end of the quarter, accounting for 13 exahash per second (EH/s) of bitcoin self-mining computing power, or hashrate, and 9.5 EH/s of hosted machines for other firms, according to the filing. That's 8.6% of the global hashrate.

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【Bitcoin mining giant Core Scientific ended October with $32M in cash】According to Coindesk, Core Scientific, the publicly listed bitcoin miner, ended October with $32.2 million in cash and 62 BTC ($975,000) and said it may run out of money before the end of the year. The company first warned of bankruptcy risk about a month ago, sending its shares plummeting about 80% on Nasdaq. The miner had 1,051 BTC and $29.5 million in cash at the end of September. The mining firm is in talks with creditors to restructure its debt and raise capital. The miner was running 232,000 machines in its facilities as of the end of the quarter, accounting for 13 exahash per second (EH/s) of bitcoin self-mining computing power, or hashrate, and 9.5 EH/s of hosted machines for other firms, according to the filing. That's 8.6% of the global hashrate.

Bitcoin mining giant Core Scientific ended October with $32M in cash

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Bitcoin mining giant Core Scientific ended October with $32M in cash

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