Trade with Eva : Analytics in action: relistings

Showing posts with label relistings. Show all posts

Friday, August 16, 2024

Core Scientific, which has operations in five U.S. states, mines for bitcoin and other cryptocurrencies.

Sector: Technology

Industry: Software - Infrastructure

Full Time Employees: 325

Founded in 2017 by Darin Feinstein and Mike Levitt

Headquartered in Dover, Delaware

https://corescientific.com

Ticker: CORZ

IPO: 21 July 21 via a merger with a blank-check company Power & Digital Infrastructure Acquisition Corp (XPDI) backed by BlackRock Inc (BLK), in a deal that values the cryptocurrency miner at $4.3 billion.
2021: Core was one of the largest publicly traded crypto mining firms in the U.S.
Filed for bankruptcy in December 2022; relisted January 24, 2024

One month later: Sep 16, 24

Sep 16, 24

Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina

Weatherford once was the fourth largest oilfield services company before crude prices plunged in 2015; the company struggled thereafter, amassed $8.3B in debt and filed for Chapter 11 bankruptcy in 2019.
The COVID-19 pandemic smacked demand for oil and gas, forcing the company to cut costs and reduce headcount.
But "we've got a lot more stability now, and this really marks what we're referring to as the next chapter for Weatherford," Girish Saligram, who became President and CEO in October, tells WSJ.
Weatherford's market valuation on June 1 a year ago was $143M; its current market cap totals $870M.