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Stock Price for Troubled Bitcoin Miner Core Scientific Surges 200%

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy.

Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — representing a gain of 198%.

According to financial media firm Marketbeat, traders acquired 6,572 call options on Dec. 15, 136% more than the average volume of 2,780, which indicates that many are bullish on the stock and are betting that the price will continue rising.

Bitcoin Miner Core Scientific
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