Bitcoin Miner Core Scientific Aims to Emerge From Bankruptcy With a Reorganization Plan
Core Scientific has seen a promising liquidity boost since filing for Chapter 11 bankruptcy, surpassing the initial budget outlined during the filing process.
The miner has paid off $6 million in debt and is now aiming to emerge from Chapter 11 on Sept. 25, with a projected increase of $46 million in liquidity. Core Scientific is engaging in negotiations with key stakeholders to find common ground on a reorganization plan, with a confirmation hearing scheduled for September 11
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Bitcoin Miner Core Scientific Aims to Emerge From Bankruptcy With a Reorganization Plan
Core Scientific has seen a promising liquidity boost since filing for Chapter 11 bankruptcy, surpassing the initial budget outlined during the filing process.
The miner has paid off $6 million in debt and is now aiming to emerge from Chapter 11 on Sept. 25, with a projected increase of $46 million in liquidity. Core Scientific is engaging in negotiations with key stakeholders to find common ground on a reorganization plan, with a confirmation hearing scheduled for September 11