Bitcoin mining company Core Scientific has reached an agreement with lender NYDIG to pay off $38.6 million in debt. Core Scientific has agreed to hand over 27,403 mining machines to NYDIG to repay $38.6 million in outstanding debt. At the end of October, Core Scientific was exposed to owe several creditors including MassMutual, BlockFi, NYDIG, and Anchor Labs, the parent company of digital asset bank Anchorage Digital, about $1 billion. A large part of Core Scientific's loans were used for hardware and infrastructure improvements. Funding, most of which will start in the second half of 2021, with most of the debt due in 2025.