Core Scientific Seeks Court Approval To Sell $6 Million Bitmain Coupons- Lark Davis tweeted an increase in BTC and ETH holders for 2022.
- The number of ETH holders will grow by over 260% in 2022.
- The 9-week EMA is about to cross the 20-week EMA on both the ETH and BTC charts.
Core Scientific, a bankrupt US mining company, has filed papers with the court allowing it to sell Bitmain coupons. Core Scientific filed in the United States Bankruptcy Court for the Southern District of Houston, Texas to dispose of the coupons that were no longer useful to the company.
Core Scientific holds $6 million worth of Bitmain coupons under strict conditions. Vouchers are product specific and cannot be redeemed for cash on Bitmain. Coupon holder can only use it to purchase his S19 miner from Bitmain.
Some of these conditions render the coupon useless to Core Scientific given its current status. The requirements also include that the voucher can only cover his 30% of the total payout for his S19 miners purchased from Bitmain.
The S19 miner is old and does not perform as well as recent versions during mining operations. Many miners ceased operations and used his S19 miners flooded the market. Demand for miners in this category has also dropped significantly due to the bear market and the crackdown on Bitcoin miners in China.
Core Scientific Status b …
An article about Core Scientific seeking court approval to sell a $6 million Bitmain coupon first appeared in Coin Edition.
Watch the original on CoinEdition
