Bitcoin mining company Core Scientific owes creditors including BlockFi and NYDIG approximately $1 billion

ChainCatcher news, according to The Block, Bitcoin mining company Core Scientific (CORZ) owes several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, about $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 will mature in 2025.

Previously, ChainCatcher reported that Core Scientific indicated cash resources would be exhausted by the end of 2022 or earlier and would not make payments due at the end of October and early November 2022 related to several of its equipment and other financing (including its two bridge notes). (source link)