PANews reported on April 21 that, according to The Block, Core Scientific Finance, a wholly-owned subsidiary of Bitcoin mining company Core Scientific, plans to privately issue $3.3 billion in senior secured notes maturing in 2031 to qualified institutional investors. The notes will be fully guaranteed by five of the company's subsidiaries and secured by a subordinated guarantee with virtually all of its assets. The company intends to allocate a portion of the net proceeds to its debt service reserves and distribute them to its parent company to fully repay deferred drawdown term loans under its previously announced 364-day revolving credit facility, along with accrued interest and related expenses. This bond issuance coincides with the company's new and upgraded data center projects in multiple U.S. states. Core Scientific is accelerating its shift from self-operated Bitcoin mining to high-density hosting services for AI clients and plans to sell almost all of its Bitcoin holdings in 2026 to support expansion.