Core Scientific has recently repaid $267 million in debt

ChainCatcher news, the publicly listed Bitcoin mining company Core Scientific announced on social media that it has strengthened its balance sheet and supported growth plans through the recent convertible bond issuance proceeds, repaying $267 million in debt, reducing the interest rate from about 12.5% to 3%; eliminating restrictive covenants associated with certain bonds; and increasing cash on hand to fund site acquisitions necessary for high-performance computing (HPC) hosting growth.