With court approval secured, Core Scientific's journey through bankruptcy concludes, paving the way for a stronger presence in the crypto mining industry. The company's strategic restructuring, benefitting shareholders and creditors, aligns it for success in the evolving market landscape.
Cheng YuanCore Scientific, a major crypto mining firm, receives court approval for its Chapter 11 reorganization plan, securing jobs and preparing to relist "CORZ" shares on Nasdaq by January 23, 2024.
Huang BoCore Scientific concludes a $55 million equity offering, showcasing a positive step towards financial recovery. Despite facing challenges leading to bankruptcy in 2022, the company strategically plans to relist on NASDAQ post-bankruptcy proceedings. Shareholders and noteholders are expected to benefit from the restructuring, with new shares and competitive returns on convertible notes. The successful fundraising enhances Core Scientific's liquidity, setting the stage for executing growth plans.
SanyaAn investigation was launched against Core Scientific over claims that its leadership had been involved in securities fraud and activities that negatively affected its stock price.
decryptThe four biggest US-based mining operations - Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining - got ...
BitcoinistBitcoin contributor, Matt Corallo, expressing his thoughts on Bitcoin maximalists, stated that every other culture aside from promoting BTC should ...
BitcoinistThe mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator.
CointelegraphThe Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational.
CointelegraphThe sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31.
CointelegraphThe firm highlighted growth in hash rate, mining equipment sales, hosting revenue and digital asset mining income as key reasons for the improved performance.
Cointelegraph