Inside Bitcoin Miner Core Scientific’s Prearranged Chapter 11 Bankruptcy

Most of Core Scientific’s customers that already have machines or contracts with the company’s hosting business won’t be affected by the bankruptcy, said Cann. The company, however, is considering selling two of its facilities, said Cann, but that was under consideration before the bankruptcy. The two sites are still under development and house none of their own machines, nor do they pertain to any existing hosting contracts, he said.