Bitmain, Anchorage Expected to Take Equity in CORZ as Part of Bankruptcy Plan

Corporations which have lent funds to Core Scientific to purchase tools can elect to both have their claims transformed into fairness totally, or tackle secured debt within the rising firm at 80% of the worth of their claims. Solely Anchorage Digital, which had a $29 million mortgage as of the chapter date, is predicted to select the fairness possibility, in accordance with the doc.