According to PANews, Bitcoin miner Core Scientific has completed the restructuring process and will be relisted on Nasdaq. Trading is scheduled to resume on Wednesday morning local time. Core operates in five states in the United States, mainly mining Bitcoin and other cryptocurrencies. In December 2022, Core was forced to enter bankruptcy proceedings due to its inability to repay financing debts owed for leasing equipment. The restructuring plan cut $400 million in debt from the balance sheet by converting debt into equity. The new credit line and projected operating cash flow will enable the company to repay the remaining debt in the next five years. At the same time, Core is deploying tens of thousands of mining equipment, with the goal of increasing production capacity by more than 50% in the next four years.