According to The Block, the asset management giant BlackRock, through funds and accounts managed by its subsidiaries, has committed $17 million in debtor-in-possession loans to the bankrupt Bitcoin miner Core Scientific, becoming one of its largest creditors. As of Dec. 28, BlackRock held a total of $37.9 million in Core Scientific's secured convertible bonds, the document shows. Core Scientific filed for Chapter 11 bankruptcy protection in Texas on the 21st of this month, and plans to convert most of its debt into equity with the help of the bankruptcy court. The company does not plan to sell any machinery or operating facilities, but is considering selling the mine in development. Core Scientific had about $1 billion in debt in October, most of it in convertible bonds. Other major creditors include bankrupt crypto lending firm BlockFi, investment bank B. Riley, cryptocurrency financial services firm NYDIG, and Anchor Labs, the parent company of digital asset bank Anchorage Digital.