🚀 **Bitcoin Miner Core Scientific Upsizes Senior Notes Offering to $400M!** 🚀

Core Scientific, the Texas-based Bitcoin mining giant, has just announced an upsized offering of $400 million in 3.00% convertible senior notes due in 2029! Originally set at $350 million, the offering was increased due to favorable market conditions. 🌟

Set to settle on August 19, 2024, these notes will be issued privately to qualified institutional buyers. The initial buyers can also opt for an additional $60 million in notes. 💼

Core Scientific plans to use the proceeds for general corporate needs, including working capital and acquisitions. Despite filing for bankruptcy in December 2022, the company has bounced back, shedding $400 million in debt and seeing a 145% stock price increase since its return to the Nasdaq. 📈

Their pivot to AI and a $6.7 billion deal with CoreWeave has been instrumental in their growth. CEO Adam Sullivan emphasized their focus on developing top-tier digital infrastructure to meet the rising demand for AI technology. 🤖

Stay tuned for more updates on this Bitcoin mining powerhouse! 🌐