Core Scientific: Sell, Sell, Sell

Dec. 23, 2022 3:17 PM ETCore Scientific, Inc. (CORZQ)26 Comments


  • CORZ filed for bankruptcy protection.
  • The company has a plan to potentially operate after debt restructuring.
  • But the plan requires BTC spot pricing to never fall again, and is going to massively dilute current shareholders (at best).
  • Looking for a helping hand in the market? Members of Timely Trader get exclusive ideas and guidance to navigate any climate. Learn More »

Bitcoin fall Cryptocurrency trends Graphs and charts


The sustained downturn in risk assets in 2022 has wreaked havoc on a wide variety of stocks and other financial instruments. One of those is certainly Bitcoin (BTC-USD), which is down 64% this year, and that has destroyed the

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This article was written by

Josh Arnold profile picture
Author of Timely Trader
Maximize your gains through live trading with alerts ahead of market trends

I've been covering financial markets for ten years, using a combination of technical and fundamental analysis to identify potential winners (and losers) early, particularly when it comes to growth stocks.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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