$460M 3% convertible notes due 2029
Company: Core Scientific
The claim, verbatim
Issued $460 million 3% senior unsecured convertible notes maturing September 1, 2029, conversion price $11.00/share.
Source (primary)
Fourth Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
Quote: “$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 appendix's summary of new senior unsecured convertible notes lists the August note at $460 million principal, 3% cash interest, maturity September 1, 2029, and a conversion price of $11.00 per share. The debt summary also describes it as recently issued.
Confirmed in the source:
- Core Scientific issued senior unsecured convertible notes with $460 million in principal (the August Convertible Note)
- The $460 million notes carry 3% cash interest
- The $460 million notes mature September 1, 2029
- The $460 million 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/1066/11132/pdf/CORZ_Earnings_Presentation_Q4_2024.pdf) in full (26,814 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth Quarter Fiscal Year 2024 Earnings Presentation
Quote: “$460 million Interest Rate • 3% cash interest ... Maturity • September 1, 2029”