TechFlow news: Bitcoin mining company Core Scientific announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the company's Chapter 11 reorganization plan. Core Scientific is set to relist on Nasdaq by the end of January 2024.
Under the reorganization plan, existing shareholders will receive approximately 60% of the new shares of Core Scientific and creditors will be fully repaid.
Previous report: Bitcoin miner Core Scientific completed a $55 million equity investment.




