Wu Shuo was informed that the American listed mining company Core Scientific announced a private placement of convertible senior notes due in 2031 with a total amount of 500 million US dollars to qualified institutional buyers. Core Scientific also hopes to grant the initial purchasers of the notes a purchase option to settle within 13 days from the date of the initial issuance of the notes (inclusive), allowing for an additional purchase of up to 75 million US dollars in principal amount of the notes. Core Scientific intends to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions of complementary businesses, or repurchases of its securities.