Miner Equipment Lender Facility
Company: Core Scientific
The claim, verbatim
Entered into Miner Equipment Lender Agreements for 80% of each Holder's Allowed Miner Equipment Lender Claim with equipment priority collateral up to $18.2 million, bearing interest at 13.0% per annum (or 12.0% or 8.0% with Election Notice) for first two years, then 10.0% per annum thereafter, maturing January 23, 2029
Source (primary)
Core Scientific 8-K filed 2024-01-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company entered into separate New Miner Equipment Lender Agreements (Election 2)... in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim... 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... at a rate of 13.0% per annum... and (2) following the second anniversary of the Effective Date, at a rate of 10.0% per annum, payable in cash”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the 80% principal, the $18,204,559 collateral cap, the interest options for the first two years and 10.0% thereafter, and the January 23, 2029 maturity.
Confirmed in the source:
- Company entered into New Miner Equipment Lender Agreements (Election 2)
- principal equal to 80% of each Holder's Allowed Miner Equipment Lender Claim
- Equipment Priority Collateral capped at up to $18,204,559 (about $18.2 million)
- 13.0% interest for the first two years without an Election Notice, or 12.0% or 8.0% with one
- 10.0% per annum cash interest after the second anniversary
- matures January 23, 2029
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524013078/d661343d8k.htm) in full (63,484 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2024-01-23
Quote: “the Company entered into separate New Miner Equipment Lender Agreements (Election 2)... in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim... 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... at a rate of 13.0% per annum... and (2) following the second anniversary of the Effective Date, at a rate of 10.0% per annum, payable in cash”