Crypto Miner Gets OK For Ch. 11 Plan Cutting $400M Debt
By Alex Wittenberg ( January 16, 2024, 5:44 PM EST) -- Crypto mining company Core Scientific Inc. on Tuesday won a Texas bankruptcy judge's support for a restructuring plan that will trim its debt by $400 million and preserve some 240 jobs while providing a complete recovery to creditors, more than a year after crashing bitcoin prices forced the debtor to seek Chapter 11 protection....
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