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...

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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

Core Scientific, Inc.

Case Number

4:22-bk-90341

Court

Texas Southern

Nature of Suit

Date Filed

December 21, 2022

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