Core Scientific | ForkLog

ForkLog 30 17.01.2024

Bankruptcy Court Approves Core Scientific’s Reorganization Plan

The bankruptcy court has approved the reorganization plan of the mining company Core Scientific, with a relisting of shares on the Nasdaq by the end of January. In December, the firm indicated mid-to-late January 2024 as the timeline for implementing the initiative. As a result, the company’s shareholders will receive approximately 60% of the new […]

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ForkLog 11 22.12.2023

Core Scientific outlines timeline for exiting bankruptcy

The mining company Core Scientific intends to exit the bankruptcy proceedings in mid-to-late January 2024.

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ForkLog 16 22.09.2023

Bitmain Invests $54 Million in Bitcoin Miner Core Scientific

Bitmain, a mining equipment manufacturer, agreed to invest $53.9 million in Core Scientific under a contract to supply 27,000 Bitcoin mining devices.

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ForkLog 8 24.05.2023

Core Scientific asks court to extend restructuring to September

The mining company Core Scientific has submitted to the bankruptcy court an updated restructuring plan, projected through September 2023.

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ForkLog 8 28.04.2023

Greenidge Generation and Core Scientific Agree to Collaborate

The mining company Greenidge Generation has agreed with competitor Core Scientific to host 6,914 Bitcoin mining devices at Core Scientific's sites for one year.

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ForkLog 6 01.02.2023

Bitcoin miner Core Scientific to secure $70 million loan from B. Riley

Core Scientific, the mining company in bankruptcy proceedings, reached an agreement with investment bank B. Riley to provide a loan of $70 million.

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ForkLog 7 10.01.2023

Core Scientific mined 2,791 BTC in two months

The mining company Core Scientific mined 1,356 BTC in November and 1,435 BTC in December, respectively. The rise was 5.8%, despite outages due to bad weather.

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ForkLog 8 23.12.2022

Core Scientific gains access to $37.5 million loan from creditors

A bankruptcy court approved Core Scientific's access to a $37.5 million loan from existing creditors. The funds will be used to address liquidity problems, according to Reuters.

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ForkLog 12 21.12.2022

Bitcoin miner Core Scientific files for Chapter 11 bankruptcy

The mining company Core Scientific is set to file for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code, according to CNBC, citing sources.

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ForkLog 14 15.12.2022

Lender B. Riley Financial offers Core Scientific $72 million to avert bankruptcy

The platform B. Riley Financial offered Core Scientific financing of $72 million on favorable terms to help the mining company avoid bankruptcy.

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ForkLog 16 23.11.2022

Core Scientific posts $434.8 million loss in Q3

The mining company Core Scientific posted a loss of $434.8 million for the third quarter. The firm said it doubts its ability to continue operations without additional liquidity.

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ForkLog 15 16.11.2022

Class-action lawsuit filed against Core Scientific

A shareholder of Core Scientific filed a class-action lawsuit against the mining company for concealing adverse financial factors that led to investor losses.

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