Core Scientific’s disclosure statement hearing moved to Nov. 14

By Sarah Lizee

Olympia, Wash., Oct. 19 – Core Scientific, Inc.’s hearing on approval of the disclosures statement for its Chapter 11 plan was moved again, this time to Nov. 14, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

As previously reported, the company recently reached an agreement in principle with an informal group of noteholders and an equity committee with respect to the terms of the company’s Chapter 11 plan.

The agreement followed two months of mediation between the parties.

The company said it will continue to negotiate with the parties to document the agreement, resolve certain open issues and revise the plan and disclosure statement to incorporate the changes.

The mediation was extended to facilitate documentation of the agreement.

Core Scientific is an Austin, Tex.-based Bitcoin mining company that filed bankruptcy on Dec. 21, 2022 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 22-90341.

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