FEATURE Stocks wavered Friday after inflation data for November showed signs of a moderation in prices. These stocks were making moves Friday: Tesla (ticker: TSLA) was falling 1.2% to $123.84 after tumbling nearly 9% in the previous session. Read More...
The Wall Street Journal
Bitcoin Miner Core Scientific Files for Chapter 11
Cryptocurrency miner Core Scientific Inc. filed for chapter 11 bankruptcy to hand control to creditors, a further indication of the squeeze on mining companies from declining bitcoin prices and rising electricity costs. The Austin, Texas-based data processor filed for bankruptcy protection in the Southern District of Texas on Wednesday, and has agreed to a proposed restructuring plan provided by a group of noteholders that would convert debt into 97% ownership of the company, subject to dilution. Current stockholders, often wiped out when companies go bankrupt, would receive some shares and warrants in the restructured business, according to bankruptcy papers.
