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Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

by SB Crypto Guru News
February 3, 2023
in Bitcoin
Reading Time: 1 min read
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The bear market in crypto has taken a toll on the mining business, significantly on leveraged companies, as excessive power costs coupled with a low bitcoin worth have led to consolidation and capitulation. Core borrowed about $77.5 million from NYDIG to purchase mining gear beginning October 2020, however has primarily stopped paying off the loans for the reason that finish of the third quarter.



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Tags: 38.6MBitcoin NewsCoreCryptoCrypto NewsCrypto UpdatesDebtExtinguishhandLatest News on CryptominingNYDIGRigsSB Crypto Guru NewsScientific
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