“Core Scientific’s Webcast: Updates on Emergence from Chapter 11”

Jan 22, 2024

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Core Scientific Provides Updates on Emergence from Chapter 11

Summary

Core Scientific, a leader in high-performance blockchain computing data centers and software solutions, has released a webcast updating key elements of its emergence from Chapter 11. The webcast provides updates on the company’s progress toward emergence, its post-emergence capital structure, and the recovery value to shareholders and noteholders.

Introduction

Core Scientific has released a webcast by its CEO, Adam Sullivan, providing updates on the company’s emergence from Chapter 11. The webcast discusses the progress made towards emergence, the post-emergence capital structure, and the recovery value for shareholders and noteholders. The webcast can be accessed on the company’s website.

Main Points

The webcast and accompanying presentation provide updates on Core Scientific’s progress towards emergence from Chapter 11. It highlights the post-emergence capital structure and the recovery value for shareholders and noteholders. The webcast and presentation will be available for 90 days on the company’s website.

Core Scientific is one of the largest blockchain computing data center providers and miners of digital assets in North America. It has been operating blockchain computing data centers since 2017 and currently operates data centers in several states. The company’s proprietary Minder® fleet management software ensures maximum uptime, alerting, monitoring, and management of all miners in its network.

Conclusion

Core Scientific’s webcast provides important updates on its emergence from Chapter 11. It informs shareholders and noteholders about the progress made towards emergence and the recovery value. The webcast and accompanying presentation will be available for 90 days on the company’s website.


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