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Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering -Repays $267 million in debt, reducing interest rate from approximately 12.5% to 3% -Removes restrictive covenants associated with certain notes -Increases cash on hand to fund site acquisitions for HPC hosting growth “With this transaction completed, we are moving forward with additional financial flexibility to invest in the continued expansion of our HPC hosting capacity while strengthening our bitcoin mining business." CEO Adam Sullivan Check out full press release here: https://bit.ly/4ds6nWr

Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering

Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering

investors.corescientific.com

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