Convertible note offering
Company: Core Scientific
The claim, verbatim
Successful convertible note offering raised $460 million, refinanced debt, and eliminated covenants
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “Successful convertible note offering raised $460 million, refinanced debt, eliminated covenants”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The presentation states this, and its debt tables show $460 million of new convertible notes replacing prior debt.
Confirmed in the source:
- Core Scientific completed a convertible note offering that raised $460 million
- The offering refinanced debt
- The offering eliminated covenants
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11131/pdf/Core_Scientific_December_2024_Company_Presentation.pdf) in full (23,998 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms December 2024 Convertible Note Presentation
Quote: “Successful convertible note offering raised $460 million, refinanced debt, eliminated covenants”