January 01, 2023
Core Scientific Gets Much-Needed Line of Credit to Cushion Bankruptcy
BlackRock Inc., the biggest asset manager in the world, has given the bankrupt Bitcoin miner Core Scientific a $17 million loan to keep it afloat while it files for bankruptcy. The loan represents a portion of the $37.5 million court-approved loan for the insolvent miner. According to a December 22...
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