Core Scientific Gets Ok to Solicit Votes on Bankruptcy Plan

Core Scientific Inc. received approval to solicit votes on its bankruptcy plan, which involves the company slashing millions of dollars in debt.

• US Bankruptcy Judge Christopher Lopez approved the motion, which allows the company to start soliciting votes
  • The Bitcoin miner plans to start collecting votes this Friday, with a confirmation hearing scheduled for December
  • Reorganized company is expected to have an enterprise value of $1.5 billion, according to court papers
• “Today’s a big day with the fact that we’re 99% of the way there in a very complicated case with many parties,” Ronit Berkovich, an attorney representing the ...