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A decline in the company's operating performance and liquidity suffering from the prolonged decrease in the price of bitcoin, the increase in electricity costs, and the failure by certain of its hosting customers to honour their payment obligations has pushed the operator to restructuration.
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December 26, 2022 | 12:14 PM GMT
Blockchain data centre operator Core Scientific, Inc. (NASDAQ: CORZ) said it will enter into a restructuring support agreement with the Ad Hoc Noteholder Group, representing more than 50% of the holders of its convertible notes.
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