Austin crypto miner Core Scientific cuts 10% of staff

//Austin crypto miner Core Scientific cuts 10% of staff

Austin crypto miner Core Scientific cuts 10% of staff

This Austin-based crypto mining company is discontinuing its blockchain technologies development business and cutting staff. "We have discontinued our blockchain technologies development business," CEO Mike Levitt said on a call with analysts. "We have taken costs out of our corporate activities and are continuing to develop ways to execute our business more efficiently."

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2022-08-12T22:35:06+00:00 August 12th, 2022|Economics|

About the Author: