NYDIG Agrees to Settle Core Scientific’s $38.6M Debt
Core Scientific Inc. and the New York Digital Investment Group have reached an agreement to dissolve a $38.6 million debt owed to the latter, in exchange for thousands of crypto-mining machines.
Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay Off a Debt
According to a filing with the bankruptcy court for the southern district of Texas, Core Scientific agreed to transfer over 27,000 of its mining rigs (around 18% of its total equipment) to NYDIG to eliminate its debt. The deal needs to be approved by the relevant magistrates before becoming official.
Core Scientific Offloads 27,000 Mining Rigs to NYDIG To Cover $38M Loan
Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing.
Core Scientific Cuts Deal With Lender NYDIG to Extinguish $38.6 Million in Debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral.
Core Scientific To Borrow Millions From Investment Bank After Court Approval
The U.S. Bankruptcy Court for the Southern District of Texas has granted Core Scientific the green light to go ahead with a $70 million credit facility from middle market investment bank B. Riley.
Core Scientific Reaches Deal With B. Riley for $70 Million Replacement Loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley.
Bankrupt Mining Firm Core Scientific Files Motion to Sell Over $6M in Bitmain Coupons
Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records.
BlackRock, Apollo Among Creditors Lending $500 Million to Core Scientific
BlackRock Inc. and Apollo Global Management Inc. are among a group of creditors that lent around $500 million to bankrupt Bitcoin miner Core Scientific Inc. by purchasing its secured convertible notes, according to a court filing.
Core Scientific Under Investigation for Potential Securities Fraud, Following…
An investigation by a New York-based law firm has become the latest development in the bankruptcy proceedings of Core Scientific Inc. Securities class action firm Pomerantz LLP has launched an investigation into the business activities of the crypto miner and its executives.
Law Firm Investigating Bitcoin Miner Core Scientific for Alleged Securities Fraud
New York-based law firm Pomerantz LLP has launched an investigation against Bitcoin mining company Core Scientific over claims that its leadership had been involved in securities fraud and activities that negatively affected its stock price.
