A judge in Texas is set to approve a $70 million loan from B.Iley Commercial Capital to defunct bitcoin miner Core Scientific, agreeing to set up an official committee to represent shareholders in the bankruptcy case and pending the committee's budget. A response hearing will be held on Friday to discuss the appointment of a shareholder committee and a final budget for the DIP funding must also be agreed. Core Scientific's debt, prior to its bankruptcy at the end of November, consisted of $552.5 million of principal outstanding under senior secured convertible notes, $41.8 million of B.Roiley's, and $242.5 million under various equipment financing transactions.