Core Scientific, Inc., a leading provider of application-specific digital infrastructure for developing high-value computing and bitcoin mining, announced today the filing of a registration statement for 10.8 million shares held by current stockholders.
By registering more shares, Core Scientific might be looking to raise capital. This additional cash could help them weather the potential revenue decrease caused by the halving.
The Company is not vending any common stock shares in the registration statement. Consequently, it won’t gain any proceeds from any shares sold by other shareholders.
Although filed with the SEC, the registration statement is pending effectiveness. Until it’s deemed effective, the registered securities cannot be sold, and offers to purchase won’t be entertained.
The press release says that it does not represent an offer to sell, or a solicitation of an offer to buy, nor will there be any sale of the securities in any jurisdiction where such action would be unlawful before registration or qualification under the securities laws of that jurisdiction.
Also Read: Core Scientific Reports Q4 2023 and Fiscal Year Results
