Core Scientific Bankruptcy Proceedings: What Options Do Creditors Have?

Core Scientific, a prominent player in the emerging field of digital asset mining, recently filed for bankruptcy due to financial difficulties. As the company goes through the bankruptcy proceedings, it has offered its creditors two options: conversion of their claims into equity or taking on secured debt in the emerging company. This article seeks to shed light on the choices available to creditors and the expected actions of major creditor Anchorage Digital.