Crypto miner replaces DIP facility after “unusual” rise in Bitcoin value
Bankrupt crypto miner Core Scientific has been allowed to replace a debtor-in-possession financing facility it obtained interim approval of in December, after telling a Texas court the rising price of Bitcoin had substantially improved its cashflow since it entered Chapter 11.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.