Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage By Cointelegraph
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Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.
According to an Aug. 8 filing in the United States Bankruptcy Court for the Southern District of Texas, Bitmain plans to sell Core Scientific 27,000 S19j XP (NASDAQ:) Miners in exchange for roughly $23 million in cash and $54 million in company equity through new common interests. In addition, Anchorage Digital was the only company that had lent funds to Core Scientific that chose an equitization option for its claim.
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Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.
According to an Aug. 8 filing in the United States Bankruptcy Court for the Southern District of Texas, Bitmain plans to sell Core Scientific 27,000 S19j XP (NASDAQ:) Miners in exchange for roughly $23 million in cash and $54 million in company equity through new common interests. In addition, Anchorage Digital was the only company that had lent funds to Core Scientific that chose an equitization option for its claim.
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