GRAND FORKS, ND (trfnews.i234.me) One of the country’s larges bitcoin miner companies with Grand Forks ties has filed for bankruptcy. Core Scientific filed for Chapter 11 bankruptcy, according to filings listed with NASDAQ.
core scientific a crypto Miner based out of Texas has filed for bankruptcy it has a data center in Grand Forks the filing involves a nearly a billion dollars worth of debt The cryptocurrency Miner is one of the largest in the United States and it has operations uh in Grand Forks North Carolina Georgia and Kentucky the price of Bitcoin has fallen by 65 percent since its high in November of 2021 the company received a 270 thousand dollar loan for a data center in Grand Forks in May of 2021 from the Grand Forks growth fund payment and interest on that loan was to be deferred for five years according to news releases in May of 2021 the project also included loans from Bremer and Alerus Banks it’s not clear yet what will happen to those Grand Forks loans under its current bankruptcy see filing to restructure its debt I’m Neil Berg reporting for itrfnews.i234.me
National Cryptocurrency Mining Company with Grand Forks Connections Files for Bankruptcy
Will be asking for a Government bail out and JB will no doubt give them some free Money💵 to have fun with
Lots of crypto people lost more in the last month
Grand forks will have to make up the debt some how !! Higher taxes and usage fees coming soon !
President Joe Biden won't bail out any Crypto Company as America doesn't recognize Bitcoin as legit currency . ND will have to let the Lenders slide
That'll learn ya to invest in crypto scams.
Good riddance to bad rubbish