Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley.

The company has asked the court to approve the financing as a replacement for the $75 million debtor-in-possession (DIP) loan the miner got from convertible notes shareholders as part of its prearranged bankruptcy deal, according to a filing from Jan. 30.

The miner said that the "ad hoc committee of shareholders are supportive of the Debtors’ entry into the Replacement DIP Facility and the payoff of the Original DIP Facility prior to final approval."

The deal will give Core Scientific "up to 15 months of runway and significant flexibility" since it has no "plan-related milestones and is not conditioned on seeking approval of any specific Chapter 11 plan."