Convertible notes debt elimination
Company: Core Scientific
The claim, verbatim
Convertible notes equitization eliminated $260M in debt from balance sheet
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “Convertible notes equitization eliminated $260M in debt from balance sheet”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation states this directly among its accomplishments, and also lists $260 million of debt removed from the balance sheet through the third quarter.
Confirmed in the source:
- Convertible notes equitization eliminated $260M in debt from Core Scientific's balance sheet
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11129/pdf/Core_Scientific_Q2_2024_Earnings_Presentation.pdf) in full (24,266 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “Convertible notes equitization eliminated $260M in debt from balance sheet”