Core Scientific Will Resume Trading on Nasdaq
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US crypto mining company Core Scientific, which filed for bankruptcy in 2022, has just announced that it will resume trading on Nasdaq today after reorganizing the company.

Thanks to the restructuring plan, the firm has reportedly been able to cut $400 million in debt.

In addition, Core Scientific has said it has the ability to cut its debt even further by converting the remaining convertible debt, investors’ exercise of applicable warrants, as well as using available cash to repay the debt.

Adam Sullivan, CEO of Core Scientific, has stated:

"We are poised to execute our pragmatic growth plan, continue preparing for the coming halving and create value by transforming energy into high value compute for bitcoin mining and other potential applications."

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