Miner Weekly • 19 implied HN points • 04 Mar 23
- Core Scientific believes it is not 'hopelessly insolvent' based on improved market conditions and declining energy costs.
- There is a clash between the equity and debt holders of Core Scientific regarding whether the company has reached bottom, with differing opinions on its financial status.
- An ad hoc group of stockholders of Core is pushing for representation in the ongoing Chapter 11 case, presenting arguments for the company's solvency given market improvements.