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Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining

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  KEY POINTS Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy. The company still generates positive cash flow, and plans to continue mining while repaying debtholders. The stock is down 98% this year as plunging crypto prices and rising energy prices made mining a much harder business. In this article CORZ -0.0036 (-3.1662%) Follow your favorite stocks CREATE FREE ACCOUNT Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific , one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company’s finances. The move follows a year of plunging cryptocurrency prices and rising energy prices. Core Scientific mines for proof-of-work cryptocurrencies like  bitcoin . The process involves powering data centers across the country, packed wit

Elon Musk is growing a social network. Just not the one he expected.

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  Mastodon homepage is seen displayed on a mobile phone screen held by hand. It has been reported that more than 200.000 new users flocked the social media app after the takeover of Twitter by Elon Musk. Davide Bonaldo | Lightrocket | Getty Images One of the biggest beneficiaries of billionaire Elon Musk’s chaotic ownership of Twitter is a small social network most people hadn’t heard of two months ago. Mastodon, an alternative microblogging platform, has seen several spikes in user sign-ups since the world’s second-wealthiest man purchased Twitter in late October. Hourly data from a Mastodon user counter shows that the surges typically happened shortly after some of Musk’s most headline-grabbing actions. Mastodon-powered sites averaged about 130 new sign-ups per hour from Oct. 1 to Oct. 26. That number jumped to 2,000 per hour after Elon Musk took control of Twitter on Oct. 28. Sign-ups rose to more than 5,000 per hour after Twitter began mass layoffs a week later, and peaked at almos

Tesla under investigation by NHTSA for two more crashes that may have involved Autopilot or FSD

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  KEY POINTS NHTSA has added two more Tesla-involved crashes to its list of special crash investigations where driver assistance systems and automated driving systems are suspected to be a factor. CEO Elon Musk promised shareholders a self-driving car from Tesla would be capable of a cross-country trip without human intervention by the end of 2017. That plan has been delayed. In this article TSLA -0.95 (-0.77%) Follow your favorite stocks CREATE FREE ACCOUNT Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022. Mike Blake | Reuters The National Highway Traffic Safety Administration has initiated two more special crash investigations into incidents that involved  Tesla  electric vehicles, and where the company’s advanced driver assistance systems are thought to have been a factor in the crash. Tesla offers a standard driver assistance package called Autopilot in all its new cars today. It also sells additional features in a package marketed as Enhanc

You got a new iPhone for the holidays. Here’s the ultimate guide to getting the most out of it

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  KEY POINTS The iPhone 14 models have a ton of new features that you’ll want to take advantage of if you’ve just received one as a holiday gift. The always-on display and Dynamic Island are two of the main upgraded features on the iPhone 14 Pro and Pro Max. There are plenty of tricks, such as deleting duplicate photos or setting up a widget to identify songs with a couple taps, that will work on any iPhone 14 model. In this article AAPL -0.15 (-0.11%) Follow your favorite stocks CREATE FREE ACCOUNT iPhone 14 Sofia Pitt | CNBC You may have gotten  Apple’s  iPhone 14 as a gift for the holidays. If you’re upgrading from a much older iPhone model, there’s going to be a bit of a learning curve when it comes to navigating your brand-new iPhone. If you were gifted the iPhone 14 Pro or Pro Max, you may be wondering what a Dynamic Island is (that little floating graphic at the top of your screen). If you were gifted any of the iPhone 14 models, you’ll want to know what emergency SOS via satell