There are list BlackRock and Apollo Global in the list of Core Scientific creditors

According to Bloomberg, the amount owed by the bankrupt miner to creditors has reached $500 million. Among the companies to which the miner is indebted are the investment fund BlackRock and Apollo Global, which is engaged in alternative investment management.

In the summer of 2022, the mining company’s convertible bonds were purchased by subsidiaries of BlackRock. The deal totaled $38 million. Apollo Global invested $22.6 million and $11 million in April and August, respectively. What’s more, even amid existing debt, the companies continued to invest, transferring $23 million. It should have allowed Core Scientific to continue operating even in the face of litigation. 

Other lenders to BTC Miner include Ibex Investors, MassMutual, and Gullane Capital. Ibex Investors provided the most finance – $98 million in April 2022. 

Note that Core Scientific was the first mining company to become bankrupt in the crypto-winter. To retain its business, convertible bonds were issued and a large amount of equipment-backed debt was taken out.