Core Scientific Raises $55 Million in Equity Financing, Set to Emerge From Bankruptcy

Core Scientific, a leading Bitcoin miner, has announced the completion of a $55 million equity financing round, marking a significant milestone as the company returns to solvency. This news is a positive development for the firm following a period of financial restructuring and challenging market conditions. Strengthened Financial Position and Growth Plans With the expiration of the $55 million equity offering, which was oversubscribed, Core Scientifics Chief Executive Officer, Adam Sullivan, expressed confidence in the companys future. According to Cointelegraph, successful...

source: https://tokenpost.com/Core-Scientific-Raises-55-Million-in-Equity-Financing-Set-to-Emerge-From-Bankruptcy-11038

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