In recent Core Scientific news, the prominent Bitcoin miner firm has officially confirmed that it will successfully emerge from bankruptcy proceedings in January 2024.
The firm filed for bankruptcy in December 2022 during harsh digital asset industry turbulence.
According to the announcement shared on Thursday, Core Scientific stated that it reached an in-principle agreement with shareholders that revolves around the distribution of convertible notes and stock by mid-January 2024. Further, the firm has plans to re-list on Nasdaq in the near future.
“The global settlement removes key hurdles to our anticipated emergence from Chapter 11 in January,” said Adam Sullivan, Core…
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