Bitcoin miner Core Scientific will relist on Nasdaq on Wednesday
According to Jinse Finance, Bitcoin miner Core Scientific has completed its restructuring process and will relist on Nasdaq, with trading set to resume on Wednesday morning New York time. Core operates in five US states (Texas, North Dakota, North Carolina, Georgia, and Kentucky) and mines Bitcoin and other cryptocurrencies by equipping data centers with dedicated computers. It is reported that the restructuring plan has cut $400 million of debt from Core's balance sheet, and the company is deploying tens of thousands of mining machines with the goal of increasing its capacity by more than 50% over the next four years.
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