Warrant exercise potential proceeds
Company: Core Scientific
The claim, verbatim
Total potential proceeds of $670M from warrant exercises to be used in part to pay down debt
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: “Total potential proceeds of $670M, a portion of which is to be used to pay down debt”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The de-levering slide states this for the Tranche 1 warrants and notes that 50% of proceeds must pay down the exit facility and new secured notes.
Confirmed in the source:
- Warrant exercises (Tranche 1 cash warrants) carry total potential proceeds of $670M
- A portion of those proceeds is to be used to pay down debt
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: “Total potential proceeds of $670M, a portion of which is to be used to pay down debt”