CoinWorld news, mining company Core Scientific privately issued $500 million of convertible senior notes due in 2031 to qualified institutional buyers. Core Scientific also intends to grant the initial purchasers of the notes a purchase option to settle within 13 days (including the day of issuance) of the initial issuance of the notes, with a maximum additional purchase of $75 million principal amount of the notes. Core Scientific plans to use the net proceeds from this issuance for general corporate purposes, including working capital, operating expenses, capital expenditures, acquiring complementary businesses, or repurchasing its securities.