**Breaking News:** 💼 Core Scientific, the second-largest U.S. cryptocurrency mining company, unveils its third bankruptcy plan. Under this plan, common stocks will be exchanged for new stocks at a 25:1 ratio, and shareholders will receive $1.08 per Core Scientific stock before the exchange. Pending creditor approval via a vote until December 13th, Core Scientific expects to emerge from bankruptcy on January 5th next year with a net debt of $709 million and an equity value of $797 million. The company currently operates 7 mining facilities across 5 states in the U.S., with plans to add 372MW in facilities by 2027. 💰🏭 #CoreScientific

💼📜 Core Scientific, a Nasdaq-listed U.S. crypto mining firm that filed for Chapter 11 restructuring in November last year, reveals a tentative agreement with creditors for reorganization. The company anticipates finalizing official documents with the temporary creditors and asset committee in the coming days, aiming to conclude Chapter 11 bankruptcy by year-end. 🤝📅 #CoreScientific #CryptoNews #BitcoinWorld 🏭📊🔐

📉 Core Scientific Stock Falls 10%: Shares drop to $8.46 after the company announces a $400M convertible senior note offering. The move aims to settle debts and support general operations. The stock saw a slight recovery after hours. 🚀💼 #CoreScientific #CryptoMining #StockMarket