$3.3B senior secured notes due 2031
Company: Core Scientific
The claim, verbatim
Core Scientific secured $3.3B of 7.750% senior secured notes due 2031, with ~$2.9B of net proceeds. CoreWeave contract revenues are paid into a lockbox tied to these notes.
Source (primary)
First Quarter Fiscal Year 2026 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “Recently Secured Financing Senior Secured Notes $3.3B Rate 7.750% Due 2031 Net Proceeds1 ... ~$2.9B”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The financing slide gives the notes' amount, rate, maturity and net proceeds, and a footnote states that CoreWeave revenues go into a lockbox tied to these notes.
Confirmed in the source:
- Core Scientific secured $3.3B of senior secured notes
- The notes carry a 7.750% rate
- The notes are due 2031
- Net proceeds are ~$2.9B
- CoreWeave contract revenues are paid directly into a lockbox tied to the $3.3B senior secured notes due 2031
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11271/pdf/Q1+FY26+earnings+deck.pdf) in full (14,811 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2026 Earnings Presentation
Quote: “Recently Secured Financing Senior Secured Notes $3.3B Rate 7.750% Due 2031 Net Proceeds1 ... ~$2.9B”