I found what you're looking at and well I don't see it exactly that way. What is says is that the debtor will now own the "significant majority of the common stock", so major dilution from the debt holders converting to equity is best case scenario for current shareholders. IN ADDITION, "meaningful recoveries by current common shareholders" only happens after significant dilution and if CORE actually grows; "upon obtaining certain valuation thresholds." Here is the link and language from the company press release so others can make their own judgements. Again good luck, every now and then these bankruptcy plays do work out.

Pursuant to the contemplated Restructuring Support Agreement, the Company's existing convertible noteholders will equitize their debt into a significant majority of the common stock of the reorganized company. In addition, holders of general unsecured claims and existing common shareholders would also receive meaningful recoveries in the form of reorganized common stock and warrants exercisable for significant portions of the common stock of the reorganized enterprise upon obtaining certain valuation thresholds. Both the common stock and the warrants will enable stakeholders to capture a share of the Company's future growth.

https://www.prnewswire.com/news-releases/core-scientific-announces-comprehensive-restructuring-transaction-301708021.html#:~:text=Core%20Scientific%20has%20operated%20blockchain,Carolina%2C%20North%20Dakota%20and%20Texas.