Mandatory conversion of convertible notes
Company: Core Scientific
The claim, verbatim
Stock price appreciation triggered mandatory conversion of the company's convertible notes, eliminating $260 million in debt.
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
Quote: “Stock price appreciation triggered mandatory conversion of our convertible notes, eliminating $260 million in debt”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The 2024 accomplishments timeline states this directly.
Confirmed in the source:
- Stock price appreciation triggered mandatory conversion of the company's convertible notes
- The conversion eliminated $260 million in debt
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11131/pdf/Core_Scientific_December_2024_Company_Presentation.pdf) in full (23,998 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms December 2024 Convertible Note Presentation
Quote: “Stock price appreciation triggered mandatory conversion of our convertible notes, eliminating $260 million in debt”