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Inside Core Scientific’s Prearranged Bankruptcy

The world’s biggest publicly traded bitcoin miner filed for Chapter 11 protection Wednesday. Here’s more details on what that means.

Updated May 9, 2023, 4:05 a.m. Published Dec 21, 2022, 10:17 p.m.
Core Scientific's Marble facility in North Carolina. (Core Scientific)
Core Scientific's Marble facility in North Carolina. (Core Scientific)