Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Some of the biggest firms in the industry, Compute North and Core Scientific (CORZ) have filed for Chapter 11 bankruptcy protection.

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• Source: https://www.coindesk.com/business/2023/01/13/bitcoin-miner-bitfarms-looks-to-amend-blockfi-loan-warns-of-default/?utm_medium=referral&utm_source=rss&utm_campaign=headlines