Crypto mining firm Core Scientific is putting an end to its 13-month restructuring journey, with an emergence targeted for Jan. 23.
Crypto mining firm Core Scientific has been given court approval to emerge from bankruptcy and relist its “CORZ” shares on the Nasdaq — putting an end to a 13-month restructuring process.
In a Jan. 16 statement, Core Scientific said its plan of reorganization had been confirmed by the bankruptcy court for the Southern District of Texas. The firm is targeting an emergence date of Jan. 23 and anticipates being relisted on the Nasdaq the following day.
“Today’s plan confirmation is a defining moment in our reorganization; we’re poised to emerge by the end of this month as an even stronger company, with a highly motivated team that is aligned for success,” said Core Scientific CEO Adam Sullivan.
