Texas Judge Trims Bitcoin Miner Investor Suit

By Emily Lever · December 21, 2023, 8:30 PM EST

A Texas federal judge won't toss a proposed class action claiming that executives at the bankrupt bitcoin miner Core Scientific Inc. misled investors about rising costs to secure approval of a...

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Bankruptcy Scorecard

Summary

Cryptocurrency company Core Scientific hit Chapter 11 in December 2022 with more than $989 million in debt amid falling bitcoin prices and rising energy costs.

Case Number

4:22-bk-90341

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1.4 billion

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Documents

Related Sections

Case Information

Case Title

Pang, et al v. Levitt, et al.

Case Number

1:22-cv-01191

Court

Texas Western

Nature of Suit

Securities/Commodities

Date Filed

November 14, 2022

Case Title

Core Scientific, Inc.

Case Number

4:22-bk-90341

Court

Texas Southern

Nature of Suit

Date Filed

December 21, 2022

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