Bankruptcy Blues: Core Scientific’s Daring Dance

Guess what? Core Scientific is trying to get itself back on its feet after dancing a little too close to the bankruptcy bonfire. The Texas Bitcoin (BTC) miner filed for Chapter 11 not too long ago, but, much like a good old-fashioned high school reunion, plans are swirling to bring it all back together. According to the lawyers, they’ve noticed a positive shift in their liquidity, which means they might just have what it takes to shimmy out of debt and into the good book of profits—and it’s all looking peachy by September!

What’s Cooking in the Bankruptcy Court?

So they say, planning is half the battle. And Core Scientific’s legal team is negotiating a plan that they hope has everybody saying,