Quote from Ndubuisi Ekekwe on December 21, 2022, 8:04 PM

Core Scientific, one of the country's largest publicly traded cryptocurrency mining firms, has filed for Chapter 11 bankruptcy protection, becoming the latest domino to topple in 2022's "crypto winter." The Texas-based company says it will continue to mine Bitcoin and other digital currencies, though, as it pays down debt. Core Scientific still has positive cash flow, an anonymous source tells CNBC, but isn't making enough money to pay the financing charges on equipment it has leased. (LinkedIn News)