Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley

Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report

Despite his agreement to forming the committee, the judge said he will “reserve the benefit” of “hindsight.” If he decides that the interests of the equity holders weren’t advanced by the committee, or it was done at the expense of other creditors, he might use “a number of tools,” including bringing the committee’s budget down to zero.

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