According to Odaily Planet Daily, listed Bitcoin mining company Core Scientific announced that it has strengthened its balance sheet and supported its growth plans through the proceeds from the recent convertible bond issuance, repaid $267 million in debt and reduced the interest rate from approximately 12.5% ââto 3%.
In addition, the Company eliminated restrictive covenants associated with certain of its bonds and increased cash on hand to fund site acquisitions required for growth in high performance computing (HPC) hosting.
