**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