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BlackRock Among Bankrupt Miner Core Scientific’s Creditors

Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week.

Its subsidiaries committed $17 million of the new $75 million loan the miner got from convertible notes shareholders as part of its prearranged bankruptcy deal, according to a document filed with the U.S. Securities and Exchange Commission on Thursday.

BlackRock already owned $37.9 million in secured convertible notes as of Dec. 28. The miner went public last year via a deal with a special purpose acquisition company (SPAC), with BlackRock serving as anchor investor.

(by Catarina Moura)

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