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BTC mining firm Core Scientific files for Chapter 11 plan
Bitcoin miner Core Scientific has filed its Chapter 11 bankruptcy plan six months after it filed for Chapter 11 bankruptcy in December 2022. The firm filed for the Chapter 11 plan in the Southern District of Texas Houston Division Bankruptcy Court. According to the filing, the firm is “seeking to build as much consensus as possible” about how a new Core Scientific would appear after emerging from its bankruptcy proceedings. The firm has said that it sought the advice of stakeholders before filing for the bankruptcy plan. A Chapter 11 bankruptcy plan is a formal document that outlines how a company intends to ... (full story)