Odaily Planet Daily News Bitcoin mining company Core Scientific announced that its outstanding secured convertible notes due in 2029 will be forced to convert. According to the announcement on July 8, the conversion will result in approximately 45 million shares of Core Scientific common stock being exchanged for $260 million in convertible debt. The forced conversion was triggered on July 5, when Core's stock remained above $2.1 billion for 20 consecutive trading days based on the daily volume-weighted average price (VWAP). The notes will be converted into common stock on July 10. (Cointelegraph)