Bitcoin mining giant Core Scientific announced the issuance of an additional $400 million in 3.00% convertible preferred notes due in 2029, expanding from its initial plan of $350 million, reflecting the positive performance of the current market conditions. These notes are expected to settle on August 19, 2024, and will be offered through a private placement to qualified institutional buyers. Additionally, the initial purchasers will have the option to purchase an additional $60 million in notes, demonstrating confidence in Core Scientific's future development.