Core Scientific’s 2022 net loss is $1.71 billion

time:2022-11-23 03:45 source:Internet

Mining company Core Scientific said there is a possibility that the firm may not be able to continue operations.For the third quarter of 2022, its net loss was $434.8 million. Total losses for 2022 are estimated at $1.71 billion.The company also estimated that it would need additional liquidity to continue its operations because its cash resources “will be exhausted by the end of 2022 or sooner.”
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