In a presentation to the United States Commission on Securities and Exchange Regulation, the world's largest Bitcoin miner, Core Scientific, stated that all debt payments are currently being held up.

Core Scientific, a pioneer in blockchain infrastructure, stated in a presentation to the SEC that the group decided the company would not make payments that are due at the end of October and the beginning of November.

This is due to the fact that Core Scientific's operational performance and liquidity have been severely impacted by the prolonged decline in the price of Bitcoin, the increase in electricity costs, the increase in the hashrate of the Bitcoin network globally, and the legal dispute with Celsius Network LLC.

Core Scientific forecasts that it's possible that resources will run out by the end of 2022 or earlier. As of October 26th, the company has 24 Bitcoins and around 26,6 million dollars in cash.

On September 30th, the company planned to have more than 1,051 BTC and over $29.5 million in cash on hand.

The current minimum production cost for Bitcoin is around $17,000 USD. The minimum cost of production is rising, due to the fact that the price of electricity is rising along with the hashrate, energy consumption, and hashrate.