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CORZ / On the brink of collapse, bitcoin miner Core Scientific gets bailout offer from B. Riley

On the brink of collapse, bitcoin miner Core Scientific gets bailout offer from B. Riley
Embattled bitcoin miner Core Scientific has been offered US$72mln lifeline from existing creditor B Riley in order to avoid bankruptcy. The cash injection would give Core Scientific – which already has a US$42mln outstanding loan with B Riley – a two-year cash runway for the company to turn its fortunes around. Read More
Posted: Dec 15 2022, 07:54
Author Name: Proactive Investors
Views: 102294

CORZ News  

Core Scientific strikes deal to pay $38.6 million debt with 27,000 crypto mining rigs

By Kitco
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Core Scientific strikes deal to pay $38.6 million debt with 27,000 crypto mining rigs

(Kitco News) - Core Scientific, the largest Bitcoin miner by computing power, submitted a filing to the U.S. Bankruptcy Court for the Southern Distric more_horizontal

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Why The Core Scientific (CORZ) Stock Plummeted Over 55%

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CORZ Stock Plummets as Core Scientific Files for Chapter 11 Bankruptcy

By InvestorPlace
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CORZ Stock Plummets as Core Scientific Files for Chapter 11 Bankruptcy

Bitcoin ( BTC-USD ) miners have found themselves limping along through 2022. Unlike the miners of precious metals and other rare commodities, crypto more_horizontal

Core Scientific files for bankruptcy citing rising energy costs and lower Bitcoin prices

By Kitco
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(Kitco News) - Core Scientific, the largest Bitcoin miner by computing power, announced early Wednesday morning that they have filed for Chapter 11 ba more_horizontal

Bitcoin miner Core Scientific filed for Chapter 11 bankruptcy protection

By Proactive Investors
December 21, 2022

Bitcoin miner Core Scientific filed for Chapter 11 bankruptcy protection

Nasdaq-quoted bitcoin miner Core Scientific is in the process of filing for Chapter 11 bankruptcy protection before the Texas courts, according to a C more_horizontal

Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining

By CNBC
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Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining

Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy protection. more_horizontal


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