---
title: "Core Scientific trades debt for equity, reduces $260M debt load"
url: https://diffcoin.com/core-scientific-trades-debt-for-equity-reduces-260m-debt-load/
description: "Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029. Source link"
published: 2024-07-08
updated: 2024-07-08
author: "Mila"
site: "Diffcoin"
---

# Core Scientific trades debt for equity, reduces $260M debt load

Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029.

[Source link](https://cointelegraph.com/news/core-scientific-trades-debt-equity-reduces-260-million-debt-load?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)