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Bitcoin mining company Core Scientific announces progress in debt restructuring: On August 22, American Bitcoin mining company Core Scientific announced that it has reached a debt restructuring agreement with its main creditors, planning to reduce approximately $1.7 billion in debt by issuing new equity and bonds. After the restructuring is completed, the company will receive approximately $500 million in new financing to support its mining operations and expansion plans.
As a result of this news, the company's stock price rose by more than 12% after hours.