Bitcoin miner Core Scientific has paid off $267 million in debt
2024-08-21 12:49:18
Core Scientific, a listed bitcoin miner, announced on the X platform that the company strengthened its balance sheet and supported growth plans with proceeds from its recent convertible bond issuance, repaid $267 million of debt, reduced interest rates from about 12.5% to 3%; removed restrictive covenants associated with certain bonds; and increased cash on hand to fund venue acquisitions required for high-performance computing (HPC) custody growth.
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