Core Scientific announces full prepayment of DIP balance

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Core Scientific, Inc. prepaid the outstanding balance on the debtor-in-possession financing package provided by B. Riley Financial, according to a news release on Thursday.

Core Scientific retains access to the full $35 million under the DIP financing package and said it maintains a strong liquidity position heading toward emergence, which is targeted for mid- to late-January.

Core Scientific is an Austin, Tex.-based Bitcoin mining company that filed bankruptcy on Dec. 21, 2022 under Chapter 11 case number 22-90341.

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