Core Scientific Inc (CORZ)

[Golden Cross]

Looking good early +11%

[tapioca]

Beautiful, lol!

[Golden Cross]

Huge EOD

[Diligence Due]

Congrats on the 1 dollar here guys, throw them profits into cyxtq for round two ;)

[Golden Cross]

Agreed

[tapioca]

Need a positive update with BK proceedings.

[tapioca]

Yea it’s been here before, so I’ll feel better in upper 90’s, and then a strong move over a buck

[Golden Cross]

It is efforting it tapioca

[tapioca]

Need to break through .90 once and for all.

[Golden Cross]

Yes, Sir

[tapioca]

Agree, heating up

[Golden Cross]

Over $1 soon

[price_and_volume]

Closed the "bankruptcy gap" fwiw.

[freddie me]

imo $CORZQ will trade $2-4 after bankruptcy

my guess is old equity gets about 50% (or more) of new equity,
I thought about serving on equity committee

[77Port]

Thanks. I've been following Stocktwits, too. It's harder to follow than ihub as the threads are not easily kept together. I, too, haven't found the definitive answer but will continue to monitor. The conversation there does seem to be more comprehensive.

[Lostcoastkid]

Wheeeww! Complete face ripper. Gap closer???

Holding from .05 as that gap gets closer and closer…..

LCK

[77Port]

Is there a BTC share price which, if reached, would allow Core Scientific to be able to "step out" of bankruptcy?

Could shareholders get stuck with zip while the company begins to break records?

Thoughts?

[freddie me]

***Core Scientific Shareholders Get Official Voice in Bankruptcy Case

Shareholders of bankrupt bitcoin miner Core Scientific Inc. will have an official voice in its chapter 11 case and a budget from the company to advocate for as large a recovery as possible for its equity.

Judge David Jones of the U.S. Bankruptcy Court in Houston said Friday that he was approving the appointment of an official committee of equity holders

Core Scientific agreed to fund the equity committee after the rising price of bitcoin fueled hopes that its shares would have value despite its bankruptcy filing.

Lawyers for Core Scientific on Wednesday told Judge Jones that the company’s financial performance since its December chapter 11 filing has exceeded its expectations by about $26 million because of rising bitcoin prices and falling electricity prices.

Core Scientific’s bottom line is directly linked to cryptocurrency prices. Bitcoin has rallied in recent months from a recent low of about $15,760 in November, around the time crypto exchange FTX collapsed. Bitcoin stood at about $22,335 on Friday

[freddie me]

Gullane 13D
https://www.sec.gov/Archives/edgar/data/1735326/000119312523001522/d567350dsc13d.htm

[freddie me]

AD HOC GROUP OF EQUITY HOLDERS
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202401282380000000016.pdf

[freddie me]

Restructuring Support Agreement
https://cases.stretto.com/public/X217/12024/CORRESPONDENCE/1202401062350000000008.pdf

[freddie me]

Equity Committee Requested?
https://news.bloomberglaw.com/crypto/core-scientific-stockholders-seek-formal-bankruptcy-committee

[Lostcoastkid]

This is a curious one, cant wait to see how it plays out over the next 18 months.

I have a grip at .05 .07(sold yesterday to book original investment) and a small starter at .28 I picked up when I first did some DD on Core.

I have no idea how this will shake out but as I said…curious. Bull thesis is….the biggest BTC miner with largest hashrate is not going to zero, too much money behind it. Bear thesis…If I read the 8k properly, they are staying on the OTC which always gives me pause. All my opinion and perspective, i threw the chart out the window for this one

All the best

LCK

[tedgoeseast]

I don't even own corzq I sold weeks ago flipped it a bunch of times and have bought and sold 30 more different ones since then ,go after what's hot at the moment

[freddie me]

BlackRock, Apollo Among Creditors Lending $500 Million to Core Scientific
https://www.bloomberg.com/news/articles/2023-01-24/blackrock-apollo-among-bondholders-of-bankrupt-crypto-miner

[nram]

Only 10,000

[nram]

How many miners they got?
Starting a position for next Bitcoin run

[Tom turtles]

Wow....Not selling a share

[Tom turtles]

I concur ..buying these up

[tedgoeseast]

Buy back I got back in at .064 again after the pullback, btc on Sunday night passed 17,150.00 was 16,300.00 about a week ago,blackrock is going to own the miner and BTC is going to have a huge run up in 2023 all BTC experts have predicted,corzq will come out of chapter 11 soon and shoot back up to over 2.50 a share

[tedgoeseast]

So what happens to the price now

[Renee]

CORZ changed to CORZQ, bankruptcy. Delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[Triple nickle]

I’m up on this one

[tedgoeseast]

YouTube says Elon bought that much of everything you dumb ass every stock there is GEEZ!!

[Triple nickle]

It’s all over the net

[77Port]

Evidence of this?

[Triple nickle]

Elon bought the crypto miner
2.9 billion $ buy
It wouldn’t stay at .11

[INFINITI]

Holding strong $$$$

[fa123]

Holding all. Be well all.

[Triple nickle]

I’d be adding all I can on this one

[Triple nickle]

Y’all know Elon musk invested 2.9 billion into Core Scientific

[Triple nickle]

Bottoms in up we goooooo

[Triple nickle]

Bounce up at .1122 watch this

[Triple nickle]

That person selling at .1235 is going to have a shit fit
This is going 5X

[WHIP THE HORSE]

Bring it !!!

[Triple nickle]

.20 soon enough

[WHIP THE HORSE]

Big squeeze in progress.$CORZ

[Triple nickle]

The big sqeeeeeze

[Triple nickle]

Easy money here today

[WHIP THE HORSE]

Got a starter here