$460M 3% convertible notes due 2029
Company: Core Scientific
The claim, verbatim
August 2024 senior unsecured convertible notes: $460 million principal, 3% cash interest, maturing September 1, 2029, conversion price $11.00/share.
Source (primary)
First Quarter Fiscal Year 2025 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “Principal • $460 Million Interest Rate • 3% cash interest ... Maturity • September 1, 2029”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The presentation's summary of new senior unsecured convertible notes states every one of these terms for the August convertible note.
Confirmed in the source:
- The August 2024 convertible notes are senior unsecured convertible notes
- The August 2024 convertible notes have $460 million in principal
- The August 2024 convertible notes carry 3% cash interest
- The August 2024 convertible notes mature on September 1, 2029
- The August 2024 convertible notes have a conversion price of $11.00 per share
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11247/pdf/First+Quarter+Fiscal+Year+2025+Earnings+Presentation.pdf) in full (28,649 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2025 Earnings Presentation
Quote: “Principal • $460 Million Interest Rate • 3% cash interest ... Maturity • September 1, 2029”