[ad_1] <br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w750" alt="Cryptocurrency mining rigs in a data center" data-id="1324841462" data-type="getty-image" width="6400px" height="4200px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p>luza studios</p></figcaption> </figure></p> <p>Troubled bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) miner Core Scientific (<a target="_blank" href="https://seekingalpha.com/symbol/CORZQ" title="Core Scientific, Inc." rel="noopener">OTCPK:CORZQ</a>) raised about $500M from its convertible notes that had been bought by high-profile asset managers BlackRock (<span class="ticker-hover-wrapper">NYSE:<a target="_blank" href="https://seekingalpha.com/symbol/BLK" title="BlackRock, Inc." rel="noopener">BLK</a></span>) and Apollo World Administration in addition to different collectors, Bloomberg<span class="paywall-full-content invisible"> reported Tuesday, citing a courtroom submitting. </span></p> <p class="paywall-full-content invisible">Core (<a target="_blank" href="https://seekingalpha.com/symbol/CORZQ" title="Core Scientific, Inc." rel="noopener">OTCPK:CORZQ</a>) filed for <a target="_blank" href="https://seekingalpha.com/news/3919377-core-scientific-stock-sinks-after-bitcoin-miner-files-for-bankruptcy" rel="noopener">bankruptcy protection</a> on Dec. 21, 2022, as miners' profitability margins suffered final 12 months from falling bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) costs in addition to rising electrical energy/computing prices and a excessive community hashrate. </p> <p class="paywall-full-content invisible">In August 2022, BlackRock (<a target="_blank" href="https://seekingalpha.com/symbol/BLK" title="BlackRock, Inc." rel="noopener">BLK</a>), the world's largest asset supervisor, bought $38M of convertible notes via funds and accounts managed by its subsidiaries, in line with the report, and not too long ago supplied $17M to Core's (<a target="_blank" href="https://seekingalpha.com/symbol/CORZQ" title="Core Scientific, Inc." rel="noopener">OTCPK:CORZQ</a>) debtor-in-possession facility to maintain the corporate operational. </p> <p class="paywall-full-content invisible">Equally, Apollo (<span class="ticker-hover-wrapper">NYSE:<a target="_blank" href="https://seekingalpha.com/symbol/APO" title="Apollo Global Management, Inc." rel="noopener">APO</a></span>) purchased $22.6M of convertible notes in April 2022 adopted by an $11M buy in August 2022 and a $6M contribution to CORZQ's debtor-in-possession mortgage, which has a cap of $75M. Ibex Buyers was the most important <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-01-24/blackrock-apollo-among-bondholders-of-bankrupt-crypto-miner" rel="noopener">holder</a> of CORZQ's notes, adopted by fellow funding companies Gullane Capital, ICG Advisors and MassMutual. </p> <p class="paywall-full-content invisible">Beforehand, (Dec. 21, 2022) Core Scientific was mentioned to discover a sale of as much as one gigawatt price of its <a target="_blank" href="https://seekingalpha.com/news/3919589-core-scientific-is-said-to-possibly-sell-some-crypto-mining-sites-in-wake-of-bankruptcy" rel="noopener">mining facilities under development.</a></p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMidWh0dHBzOi8vc2Vla2luZ2FscGhhLmNvbS9uZXdzLzM5Mjc0ODItYml0Y29pbi1taW5lci1jb3JlLXNjaWVudGlmaWMtcmFpc2VkLTUwMG0tZnJvbS1ibGFja3JvY2stYXBvbGxvLW90aGVyLWNyZWRpdG9yc9IBAA?oc=5">Source link </a>