The Latest Breaking News from Core Scientific

Prepare for a crypto comeback! Core Scientific, the resilient mining entity, plans to bounce back from bankruptcy and make a flourishing return in January.

Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.

Core Scientific listed on the Nasdaq on Jan. 20.

Upgrades

Upgrades

 

The shares of digital asset mining company Core Scientific (CORZ) have plummeted more than 70% in price since their listing on January 20 due to bearish investor sentiment and industry headwinds. And because analysts expect the “crypto winter” to continue, the question is will CORZ be able to regain forward…

Gainers

Bitcoin mining company Sphere 3D Corp (NASDAQ:ANY) reported an FY21 revenue decline of 23.3% year-on-year to $3.72 million. The gross margin contracted 80 bps to 45.6%. Operating expenses more than doubled to $21.4 million. EPS loss was $(0.58) versus $(0.98) last year. Sphere 3D held $54.4 million in cash and equivalents. CEO Peter Tassiopoulos…