Core Scientific Will Settle Bankruptcy Proceedings By January 2024
Crypto mining firm Core Scientific is all set to settle bankruptcy proceedings by mid-January 2024
In the agreement the company has entered into for the convertible notes and stock distribution, shareholders will receive new shares in the ratio of 25:1
Noteholders will receive $1.628 per $1 face value of convertible notes due in April and $1.201 per $1 face value of notes due in August