B. Riley, a creditor of Bitcoin mining company Core Scientific, has partnered with Core Scientific on a debt restructuring, proposing to provide Core Scientific with $72 million in new non-cash payment financing on favorable terms to avoid potentially unnecessary and value-destructive bankruptcy proceedings. Among them, the creditor expressed his willingness to provide US$40 million immediately, and the remaining part is calculated at the bitcoin price of US$18,500 and below. All principal payments to equipment lenders need to be suspended until the bitcoin price returns to US$18,500. Foresight News previously reported that Core Scientific stated in a report submitted to the US Securities and Exchange Commission that it expects the company's existing cash to be exhausted by the end of 2022 or earlier.