In the midst of a protracted bear market, concerns have been expressed regarding the general health of the public bitcoin mining community following the recent bankruptcy proceedings of bitcoin miner Core Scientific despite a $72 million rescue offer from creditors. It turns out that the public bitcoin mining firms have obligations totaling over $4 billion, and they need to immediately restructure their debt to get rid of the unsustainable amount of debt. Public Bitcoin Mining Firms on a Debt During the bull market of 2021, the Public Bitcoin Mining industry took on a considerable amount of debt, which had a severe The post Public Bitcoin Mining Firms Stuck With $4 Billion of Collective Debt appeared first on Cryptoknowmics-Crypto News and Media Platform .
