Bitcoin miner Core Scientific outlines plan to emerge from bankruptcy in 2024
Bitcoin miner Core Scientific has announced its plans to emerge from bankruptcy in January 2024, according to a presentation based on the third amended joint Chapter 11 plan filed on Nov. 16. The plan includes separate payouts for common shareholders and holders of two series of convertible notes. Core Scientific projects adding 372 MW of capacity through fiscal year 2027 and seeing its revenue rise from $583 million in 2024 to $968 million in 2027. Shareholders have until Dec. 13 to vote on the plan, with a decision from the Bankruptcy Court of the Southern District of Texas expected on Dec. 22.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Trader Loses $3M in Seconds Due to Simple Copy-Paste Error and Scam
State Street Advisor Highlights Bitcoin’s Threat to Gold’s Stability
BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion
Sony is supposedly working on a handheld PlayStation console to support PS5 games
Share link:In this post: A Bloomberg report suggested that Sony is working on a handheld PlayStation console that will support PS5 games. The report suggested the possibility of the device being years away from launch. Nintendo is currently the only console with a handheld device and will launch its successor next year, while Microsoft is also working on its handheld console.
Trending news
MoreCrypto prices
More
