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

By Alex Wittenberg ( November 14, 2023, 8:24 PM EST) -- 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....

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