Bitcoin (
Core was hit hard by the broader market downturn and filed a report on Oct. 26 which cited a low BTC price, high electricity rates and a refusal from bankrupt crypto lender Celsius to repay a $2.1 million loan as reasons why it might default on some of its debts.
The bad news continued on Nov. 22, when the miner admitted in a quarterly report that its cash reserves may be depleted by the end of 2022 and it did not believe it would be able to raise funds through financing or capital markets given the current market conditions.
