Convertible notes mandatory conversion
Company: Core Scientific
The claim, verbatim
Secured Convertible Notes mandatory conversion triggered 7/5/24, equitizing the remaining $234M of notes
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “Secured Convertible Notes mandatory conversion triggered 7/5/24, resulting in equitization of remaining $234M”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The debt bridge slide states this. A later slide dates the trigger to July 4, 2024, so the document itself is inconsistent on the exact day.
Confirmed in the source:
- Mandatory conversion of the Secured Convertible Notes was triggered on 7/5/24
- The conversion equitized the remaining $234M of notes
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11129/pdf/Core_Scientific_Q2_2024_Earnings_Presentation.pdf) in full (24,266 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “Secured Convertible Notes mandatory conversion triggered 7/5/24, resulting in equitization of remaining $234M”