BlockFi's bankruptcy is the latest blow for a bleeding Bitcoin mining industry
BlockFi is one of the largest lenders in the mining industry. As if crashing crypto assets, high energy prices and increasing difficulty in mining weren't enough, now Bitcoin miners face the fallout from BlockFi's bankruptcy protection filing.
BlockFi was the second biggest lender in the space after NYDIG, according to public information laid out by The Block Research in June. On top of that, BlockFi debtor Core Scientific — ie, the largest mining company in the world — is itself close to filing for bankruptcy. Core had $54 million in outstanding debt to BlockFi in September and late in October said that it would not make payments by end of the month.
Source
https://t.me/Crypto_Bitcoin_Blockchain
