January 5, 2023, 11:38AM EST
• 2 min read

Analysis of Core Scientific's Bankruptcy

Quick Take

  • On December 20, 2022, bitcoin miner Core Scientific filed for Chapter 11 bankruptcy protection 
  • Entered into a Senior Secured Super Priority Debtor-in-Possession (DIP) for an initial principal amount of $75mm 
  • Entered into a Restructuring Support Agreement (RSA) with Convertible Note holders and other creditors 

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