CoinVoice recently learned that the mining company Core Scientific has privately issued a total of US$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 an option to purchase up to an additional US$75 million in principal within 13 days (including the day) from the date of the initial issuance of the notes.
Core Scientific intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisition of complementary businesses or repurchase of its securities. [Original link]