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Bitcoin Sale Requirement Under Debt Agreements

Company: Core Scientific

Subject kind
regulatory
Statement date
2024-05-08
Current status
stated

The claim, verbatim

Company is required by its existing debt agreements to sell bitcoin within ten days of receipt

Source (primary)

Core Scientific 10-Q filed 2024-05-09 (SEC EDGAR, sec_filing)
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Quote: “Currently the Company is required by its existing debt agreements to sell bitcoin it earns within ten days of receipt.”

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 10-Q filed 2024-05-09

Quote: “Currently the Company is required by its existing debt agreements to sell bitcoin it earns within ten days of receipt.”

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