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.
Founder and Editor, The Tech Capital
3 Mins
December 26, 2022 | 12:14 PM GMT
Darin Feinstein, entrepreneur, venture capitalist and philanthropist, as well as co-founder of Core Scientific. Source: Core Scientific
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.
Founder and Editor, The Tech Capital
3 Mins|April 16, 2024
3 Mins|April 16, 2024
4 Mins|April 16, 2024
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