Billions of dollars have evaporated as this MASSIVE Bitcoin and cryptocurrency mining farm has gone bankrupt leaving not only that company in shambles, but many investors, and users who host their BTC miners at their mining farms… Subscribe - http://voskco.in/Sub
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Mining farms turned millions of dollars into billions of dollars and as this bitcoin bear market has progressed dragged BTC down by dumping all of the Bitcoins that they are mining. But this Core Scientific bankruptcy is bigger than just themselves, they host many miners, and now all of those investments are in jeopardy continuing to reaffirm that not keys not your coins for btc and crypto but also if you aren’t hosting your own mining rigs yourself, then they can be in great jeopardy as major colocation mining farms can quickly go bankrupt… lets review wtf happened to core scientific and their CORZ stock.
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Timestamps
00:00 The biggest BTC miner has gone bankrupt!
01:49 From millions to billions to zero? CORZ stock
03:44 Core Scientific debt & creditors
06:04 Will this affect the BTC mining hashrate?
08:03 Bankrupt companies & the FTX contagion
09:21 Core Scientific facilities & business model
13:20 Where did it all go wrong with Core Scientific?
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Billion Dollar Bitcoin Mining Farm BANKRUPTCY
