Bitmain, Anchorage Expected to Take Equity in CORZ as Part of Bankruptcy Plan

Companies that have lent funds to Core Scientific to buy equipment can elect to either have their claims converted into equity fully, or take on secured debt in the emerging company at 80% of the value of their claims. Only Anchorage Digital, which had a $29 million loan as of the bankruptcy date, is expected to pick the equity option, according to the document.