Core Scientific returns to Nasdaq as Wall Street shows renewed love for bitcoin mining
Publishing timestamp: 2024-01-23 16:47:05
Summary
Bitcoin miner Core Scientific has relisted its shares on Nasdaq after completing a restructuring process that reduced its debt by $400 million. The company, which operates in five U.S. states, mines for bitcoin and other cryptocurrencies. Despite facing bankruptcy in 2022 due to the decline in bitcoin prices, Core continued to operate and reached a deal with its debt holders. The company's expansive mining infrastructure and the renewed enthusiasm for bitcoin in the market are expected to support its growth.
Sentiment: MIXED
Tickers: MARA, BTC.CM=, RIOT, CORZ,
Keywords: breaking news: technology, bitcoin, business news, cryptocurrency, bitcoin/usd coin metrics, technology, energy, fintech,