Equipment Priority Collateral cap for Miner Equipment Lender Facility
Company: Core Scientific
The claim, verbatim
Miner Equipment Lender Facility loans secured by first-priority lien on new non-financed miners in aggregate amount of up to $18,204,559
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Loans issued under the Miner Equipment Lender Facility are secured by a first-priority, duly-perfected and validly enforceable lien on (i) the collateral securing each Election 2 Miner Equipment Facility Lenders' existing equipment loan/lease and (ii) new, non-financed miners acquired by the Company after the Effective Date, in an aggregate amount of up to $18,204,559”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes a first-priority lien on new non-financed miners of up to $18,204,559. The lien also covers the lenders' existing collateral, which the claim does not mention.
Confirmed in the source:
- Miner Equipment Lender Facility loans are secured by a first-priority lien
- The collateral includes new, non-financed miners acquired after the Effective Date
- The collateral is capped at an aggregate amount of up to $18,204,559
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: “Loans issued under the Miner Equipment Lender Facility are secured by a first-priority, duly-perfected and validly enforceable lien on (i) the collateral securing each Election 2 Miner Equipment Facility Lenders' existing equipment loan/lease and (ii) new, non-financed miners acquired by the Company after the Effective Date, in an aggregate amount of up to $18,204,559”