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Core Scientific Announces Strong Business Momentum And Share Trading Performance Trigger Conversion Of Outstanding Convertible Notes, Completing The Elimination Of $260M Of Debt From Balance Sheet

Benzinga ·  Jul 8 20:20

Strong Business Momentum and Share Trading Performance Trigger Conversion of Outstanding Convertible Notes, Completing the Elimination of $260 Million of Debt from Balance Sheet

Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or the "Company"), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced the mandatory conversion of its outstanding Secured Convertible Notes due 2029 (the "Notes") pursuant to the Indenture, dated as of January 23, 2024 (the "Indenture"), by and among the Company, as issuer, Wilmington Trust, National Association ("Wilmington Trust"), as trustee and collateral agent, and the other parties thereto.

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