Public BTC mining companies face $4B in liabilities, Core Scie | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index.Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on Sept. 30, according to a company statement. The BTC mining industry has seen significant fluctuations during this bear market — the recent bankruptcy of Core Scientific stands as a testament to volatility of the sector. Though it is the largest public BTC miner by hashrate, Core Scientific has struggled under debt for many months — unable to pay off monthly debt service payments, according to Hashrate Index.
