On December 3, news came that the U.S.-listed mining company Core Scientific announced a private placement of $500 million of convertible senior notes due in 2031 to qualified institutional buyers. Core Scientific also hopes to grant the initial purchasers of the notes a purchase option to settle within 13 days (including the day of issuance) from the initial issuance date, with an additional maximum purchase of $75 million principal of the notes. Core Scientific intends to use the net proceeds of this offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions of complementary businesses, or repurchases of its securities.