Core Scientific has repaid $267 million in debt through convertible notes issuance.

Foresight News reported that $Core Scientific, a Bitcoin-listed mining company, recently announced strengthening its balance sheet and supporting growth plans through the proceeds from a convertible bond issuance. The company repaid $267 million in debt, reducing the interest rate from around 12.5% to 3%; removed restrictive agreements related to certain bonds; increased cash on hand to fund the acquisition of facilities needed for the growth of high-performance computing (HPC) hosting.