The $70 million loan agreement between Bitcoin mining company Core Scientific and B. Riley will be approved

ChainCatcher News: A judge in Texas will approve a $70 million loan from B. Riley Commercial Capital to the bankrupt Bitcoin mining company Core Scientific, agreeing to establish an official committee to represent shareholders' interests in the bankruptcy case, and awaiting the committee's budget. A corresponding hearing will be held on Friday to discuss the appointment of the shareholders' committee, and there must also be an agreement on the final budget for the DIP financing.

Earlier reports indicated that in early February, Core Scientific reached a new $70 million loan agreement with B. Riley. (CoinDesk)