Interest rate reduction on convertible notes
Company: Core Scientific
The claim, verbatim
In Q3 2024 the company reduced the interest rate on its convertible notes from as high as 12.5% to 3%.
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
Quote: “Reduced interest rate from as high as 12.5% to 3% for convertible notes during Q3”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The 2024 snapshot's Q3 financial section states the reduction from as high as 12.5% to 3% for convertible notes during Q3.
Confirmed in the source:
- During Q3 2024 the company reduced the interest rate on its convertible notes
- The rate was reduced from as high as 12.5% to 3%
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: “Reduced interest rate from as high as 12.5% to 3% for convertible notes during Q3”