Jinse Finance, $BITCOIN$ mining company $CORE$ $SC$ reported that ien$TIFI$c has submitted its bankruptcy protection plan to the bankruptcy court of the Houston Division of the Southern District of Texas. Core Scientific says it has increased its liquidity since filing for bankruptcy protection and is focused on revamping its business plan for a successful turnaround.

Chapter 11 bankruptcy, a company, stakeholders $BOR$ It allows the business to continue operating until it can agree on a restructuring plan, which may include steps such as downsizing the business to reduce internal costs or liquidating assets to reimburse creditors. A Chapter 11 bankruptcy plan is a formal document that outlines how a company plans to reorganize and repay creditors.
Core Scientific, from the Southern District of Texas Bankruptcy Court loan of up to $70 million from investment bank B. Riley, one of the company's largest creditors $TEM$ He got permission to get in. The loan will be used to repay the bankrupt bitcoin miner's current borrower loan from $YIN$e B. Riley. #Gateio10周年# #GateioTurns10# #NewYearCelebration# #ContentStar# #BountyCreator# #NewsMessenger# #GateioBountyCreator# #Gate .ioDaily# #GateLive#