According to Odaily, publicly traded Bitcoin mining company Core Scientific announced on the X platform that it has strengthened its balance sheet and supported its growth plans through the proceeds from a recent convertible bond issuance. The company has repaid $267 million in debt, reducing the interest rate from approximately 12.5% to 3%. Additionally, Core Scientific has eliminated restrictive covenants associated with certain bonds and increased its cash on hand to fund site acquisitions necessary for the growth of its high-performance computing (HPC) hosting services.