Mining company Core Scientific expands the scale of its priority note issuance to 400 million dollars

ChainCatcher news, Bitcoin mining company Core Scientific announced the issuance of an additional $400 million of 3.00% convertible senior notes maturing in 2029. The initial issuance size was $350 million, which has been expanded due to favorable market conditions.

These notes are scheduled to settle on August 19, 2024, and will be offered to qualified institutional buyers in a private placement. The initial purchasers will receive an option to purchase an additional $60 million of the notes.