Bitcoin Miner Core Scientific to Relist for Trading on Nasdaq on Wednesday

Bitcoin miner Core Scientific has completed its restructuring process and will relist on the Nasdaq, with trading set to resume on Wednesday morning New York time. Core, which operates in five US states (Texas, North Dakota, North Carolina Georgia and Kentucky), mines bitcoin and other cryptocurrencies by equipping data centres with dedicated computers. Its restructuring plan has reportedly cut $400 million of debt from Core's balance sheet, and the company is in the process of deploying tens of thousands of mining machines with the goal of increasing its capacity by more than 50 per cent over the next four years.