At the peak of the 2021 bull market, when the bitcoin price rose more than $60,000, the company was the largest publicly traded bitcoin miner by computing power or hash rate, operating 143,000 mining rigs. However, by the time Core Scientific filed for Chapter 11 on Dec. 21, 2022, the price of bitcoin had tumbled to around $16,000.
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- Source: https://www.coindesk.com/business/2024/01/16/bitcoin-miner-core-scientific-to-emerge-from-bankruptcy-re-list-shares-this-month/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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