Core Scientific trades debt for equity, reduces $260M debt load
July 08 2024 - 4:41PM
Cointelegraph
![](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvMmQzYTNkMjEtMTQ4MS00OTgwLWE5NWItZGY5NzRiNzE1OWQwLmpwZw==.jpg)
Core Scientific’s stock performance triggers mandatory
conversion of $260 million in secured convertible notes due in
2029.
...
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equity, reduces $260M debt load
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