It’s been a tough few months for Bitcoin miners, who are contending with soaring network difficulty soaring and depressed crypto prices. Small wonder, then, that Bitcoin miner Core Scientific has reportedly filed for bankruptcy, while rival Greenidge has raised doubts about its continued viability. Earlier this month, Arkansas’ biggest power utility threw a lifeline to battered miners, offering a special tariff to keep costs down—but it may not be enough to save many mining firms.
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