Miner Equipment Lender Facility - 80% of allowed claims
Company: Core Scientific
The claim, verbatim
Entered into New Miner Equipment Lender Agreements with principal amount equal to 80% of each Allowed Miner Equipment Lender Claim, maturing January 23, 2029, with interest rates ranging from 13%, 12%, or 8% for first two years, then 10% thereafter
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “in each case, in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim as of the Effective Date (the " Miner Equipment Lender Facility "). The maturity date on the Miner Equipment Lender Facility is January 23, 2029. Loans issued under the Miner Equipment Lender Facility shall accrue interest (1) from the Effective Date to and including the second anniversary of the Effective Date, (x) if the Company does not deliver an Election Notice (as defined below), at a rate of 13.0% per annum and shall be payable 3.0% in cash interest and 10.0% paid-in-kind”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing sets out the 80% principal amount, the 2029 maturity, the 13%, 12% and 8% options for the first two years, and the 10% rate thereafter.
Confirmed in the source:
- Core Scientific entered into New Miner Equipment Lender Agreements
- Principal equals 80% of each holder's Allowed Miner Equipment Lender Claim
- The facility matures on January 23, 2029
- For the first two years, interest is 13%, or 12% or 8% if the company elects
- After the second anniversary, interest is 10% per annum
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524014941/d735123d8ka.htm) in full (67,867 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K/A filed 2024-01-25
Quote: “in each case, in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim as of the Effective Date (the " Miner Equipment Lender Facility "). The maturity date on the Miner Equipment Lender Facility is January 23, 2029. Loans issued under the Miner Equipment Lender Facility shall accrue interest (1) from the Effective Date to and including the second anniversary of the Effective Date, (x) if the Company does not deliver an Election Notice (as defined below), at a rate of 13.0% per annum and shall be payable 3.0% in cash interest and 10.0% paid-in-kind”