Anchorage Digital and Bitmain Contemplate Equity Stakes in Core Scientific Amid Restructuring Plan

Anchorage Digital, a firm specializing in cryptocurrency custody, and Bitmain, a major mining equipment manufacturer, are considering obtaining ownership shares in Core Scientific as part of the company's efforts to restructure. According to a filing dated August 8th in the United States Bankruptcy Court for the Southern District of Texas, Bitmain's plan involves selling 27,000 S19j XP Miners to Core Scientific. In return, Core Scientific would provide approximately $23 million in cash and $54 million in equity through newly issued common shares. Anchorage Digital, which had previously provided funds to Core Scientific, also chose to convert its claim into equity.



Other companies such as BlockFi and Mass Mutual Asset Finance have chosen negotiated settlements to address their claims. This proposed restructuring plan is likely to be


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