Core Scientific, Inc.

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Case overview

Case Number:

4:22-bk-90341

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 25, 2024

    Texas Judge Dismisses Rest Of Bitcoin Miner Investor Suit

    A Texas federal judge has dismissed the rest of a lawsuit from bitcoin miner investors against Core Scientific's directors and officers after the execs asked the judge to reconsider an earlier decision to trim the suit but leave it standing.

  2. January 16, 2024

    Crypto Miner Gets OK For Ch. 11 Plan Cutting $400M Debt

    Crypto mining company Core Scientific Inc. on Tuesday won a Texas bankruptcy judge's support for a restructuring plan that will trim its debt by $400 million and preserve some 240 jobs while providing a complete recovery to creditors, more than a year after crashing bitcoin prices forced the debtor to seek Chapter 11 protection.

  3. January 02, 2024

    Core Scientific Seeks OK For $10M Deal With Sphere, Gryphon

    Crypto mining company Core Scientific asked a Texas bankruptcy court Tuesday to grant emergency approval of its $10 million settlement with two other mining companies to end a $39 million unsecured claim over prepaid hosting fees.

  4. December 21, 2023

    Texas Judge Trims Bitcoin Miner Investor Suit

    A Texas federal judge won't toss a proposed class action claiming that executives at the bankrupt bitcoin miner Core Scientific Inc. misled investors about rising costs to secure approval of a merger with a blank-check company, but dismissed several claims and let all of the company's leaders off the hook save for its CEO.

  5. December 06, 2023

    Core Scientific Securities Litigant Can't File Ch. 11 Class Claim

    The lead plaintiff in a securities lawsuit against executives of bitcoin miner Core Scientific Inc. can't bring a proof of claim on behalf of a putative class of claimants in the debtor's Chapter 11 case because bankruptcy rules don't support such treatment for an uncertified class, a Texas bankruptcy judge ruled Wednesday.

  6. December 04, 2023

    Core Scientific Seeks Court Nod On $77M Bitcoin Mine Buy

    Crypto mining company Core Scientific has asked a Texas bankruptcy court to approve a planned $77.1 million purchase of equipment from bitcoin firm Bitmain Technologies, saying the deal will augment its mining rate and help it exploit an auspicious market environment for the digital currency.

  7. November 14, 2023

    Core Scientific Gets OK For $37M Ch. 11 Backstop Funding

    A Texas bankruptcy judge on Tuesday approved cryptocurrency mining venture Core Scientific's plan to engage with 31 parties to secure $37.1 million aimed at backstopping an equity rights offering that will help fund an exit from Chapter 11 that the debtor expects to reach in January.

  8. May 08, 2023

    Core Scientific Objects To Celsius' $4.7M Ch. 11 Claim

    Bankrupt data center operator Core Scientific has objected to a $4.7 million administrative claim asserted by bankrupt creditor Celsius Network, saying the parties are entangled in a complex contractual dispute regarding data hosting agreements.

  9. March 03, 2023

    Core Scientific Ch. 11 Parties Partly Agree To Equity Committee

    Parties in the Chapter 11 case of cryptocurrency mining operation Core Scientific told a Texas bankruptcy judge Friday they have agreed to a framework suggested by the court for the appointment of an official equity holders committee, but said details still needed to be ironed out.

  10. March 01, 2023

    Core Scientific Gets Final OK On New $70M Ch. 11 Loan

    Bankrupt cryptocurrency mining operation Core Scientific Inc. received final approval Wednesday for a $70 million debtor-in-possession loan after agreeing to concessions with a group of equity holders.