By 
Core Scientific, a prominent bitcoin mining company, will be exiting bankruptcy and plans to re-list its shares on the stock market by the end of January. The company had previously filed for Chapter 11 bankruptcy, intending to restructure its debts and continue its business operations despite financial troubles.
The company plans to merge with Power & Digital Infrastructure Acquisition Company to re-list its shares on the public market. After a successful exit from bankruptcy, Core Scientific aims at becoming leaders in digital asset mining and blockchain hosting.
Filing for bankruptcy has not affected the company’s operations since hospitals, governments, and universities still use its blockchain hosting. Further, it plans to increase its mining capacity by procuring more than 40,000 Bitmain Antminers, thus considerably bettering its overall mining performance and profitability.
Source: CoinDesk
Comments