$260M convertible notes converted to equity
Company: Core Scientific
The claim, verbatim
Core Scientific converted $260 million of convertible notes ($26.4 million voluntarily and $233.6 million via mandatory conversion shortly after quarter end), removing that debt from its balance sheet.
Source (primary)
core-scientific 8-K exhibit (q22024corescientificinc-ea.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-31)Live source ↗
Quote: “Voluntary conversion of $26.4 million in convertible notes, with the mandatory conversion of the remaining $233.6 million in convertible notes outstanding shortly after the end of the second quarter”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms core-scientific 8-K exhibit (q22024corescientificinc-ea.htm)
Quote: “Voluntary conversion of $26.4 million in convertible notes, with the mandatory conversion of the remaining $233.6 million in convertible notes outstanding shortly after the end of the second quarter”