Welcome to our dedicated page for Core Scientific news (Ticker: $CORZQ), 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. (OTC: CORZQ) released a webcast by its CEO Adam Sullivan updating key elements of its emergence from Chapter 11, anticipated for January 23. The webcast provides updates on the Company’s progress toward emergence, its post-emergence capital structure, and the recovery value to shareholders and noteholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.37%
Tags
-
Rhea-AI Summary
Core Scientific, Inc. has announced that the United States Bankruptcy Court has confirmed the Company’s Chapter 11 plan of reorganization, allowing the company to emerge and re-list on Nasdaq by the end of January 2024. Shareholders will receive approximately 60% of the Company’s new equity, and the company's existing debt would be paid in full, reducing the debt balance by approximately $1 billion. This comes after the company completed an oversubscribed $55 million Equity Rights Offering and fully paid off its DIP financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.49%
Tags
-
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) announced CEO Adam Sullivan will present at the 26th Annual Needham Growth Conference. The virtual presentation will take place on January 19, 2024, at 1:30 P.M. Eastern Time. The event will be live-streamed with a replay available. Core Scientific is a leader in high-performance blockchain computing data centers and software solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.49%
Tags
News
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) announced the successful completion of its $55 million Equity Rights Offering (ERO), which was oversubscribed, indicating strong shareholder confidence in the company's business and strategy. The offering's final results eliminate the need for previously arranged backstop funding, positioning the company for emergence and re-listing in January with enhanced liquidity and the ability to execute growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.41%
Tags
-
Rhea-AI Summary
Core Scientific, a leader in high-performance blockchain computing data centers and software solutions, released production and operations updates for December and the full year 2023. The company operated approximately 209,000 owned and colocated bitcoin miners, producing 1,177 self-mined bitcoin and an estimated 449 bitcoin from colocated miners in December. For the full year 2023, Core Scientific produced a total of 13,762 self-mined bitcoin and an estimated 5,512 bitcoin from colocated miners. The company also delivered more than 131,000 megawatt hours to local grid partners in 2023, supporting electrical grid stability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.28%
Tags
-
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) has announced the pre-payment of the outstanding balance on the debtor-in-possession financing package provided by B. Riley Financial (NASDAQ: RILY). The company retains access to the full $35 million of available funding under the DIP financing package and maintains a strong liquidity position heading towards emergence, targeted for mid to late-January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.28%
Tags
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) has announced the filing of an amended plan of reorganization and extension of the subscription deadline for its Equity Rights Offering to January 5, 2024. The Company has reached a global settlement with key stakeholders and expects to emerge from Chapter 11 in mid-to-late January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.67%
Tags
-
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) has reached a global settlement in its Chapter 11 cases, allowing the company to move forward with a consensual plan of reorganization. The equity rights offering subscription deadline has been extended to December 28, 2023, and the confirmation hearing has been rescheduled to January 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.26%
Tags
-
Rhea-AI Summary
Core Scientific, Inc. (CORZQ) releases presentation for Equity Rights Offering (ERO)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Core Scientific, Inc. (OTC: CORZQ) has extended the subscription deadline for its Equity Rights Offering to December 15, 2023. The company also released a webcast highlighting its planned emergence from Chapter 11 in January 2024, emphasizing potential recovery value to shareholders and noteholders, post-emergence capital structure, and an emergence timeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
Core Scientific, Inc.
OTC:CORZQ
CORZQ Rankings
CORZQ Stock Data
343.56M
286.62M
22.59%
5.19%
7.46%
Data Processing, Hosting, and Related Services
Information
US
C O The Corporation Trust Company