Core Scientific has reached an agreement with lender NYDIG to settle $38.6 million in debt

ChainCatcher news, Bitcoin mining company Core Scientific has reached an agreement with lender NYDIG to settle $38.6 million in debt. Core Scientific has agreed to transfer 27,403 mining machines to NYDIG to repay the $38.6 million outstanding debt. At the end of October, it was reported that Core Scientific owed several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, approximately $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt is due in 2025. (Source link)