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Core Scientific, Inc. - $CORZ STOCK NEWS

Welcome to our dedicated page for Core Scientific news (Ticker: $CORZ), a resource for investors and traders seeking the latest updates and insights on Core Scientific stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Core Scientific's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Core Scientific's position in the market.

Rhea-AI Summary
Core Scientific, Inc. successfully completes reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. Expects to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ on January 24, 2024. The reorganization reduced the company's debt by $400 million and provides a pathway to de-lever the balance sheet further, with sufficient liquidity from a new credit facility and projected operating cash flow. The company operates as one of the largest bitcoin miners in North America, with 724 megawatts of power and 16.9 exahash of energized hash rate for bitcoin mining. Core Scientific also announced its new Board of Directors, comprising six new independent directors with relevant expertise to guide the company's growth.
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Core Scientific, Inc.

Nasdaq:CORZ

CORZ Rankings

CORZ Stock Data

595.57M
151.08M
13.38%
8.53%
4.01%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
AUSTIN

About CORZ

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services.