Bitcoin mining company Core Scientific is planning to issue approximately $3.3 billion in senior secured bonds due in 2031 through its subsidiary, targeting institutional investors. The company intends to use part of the proceeds to repay a delayed draw term loan under a previous 364-day credit facility. The bonds will be guaranteed by several subsidiaries and secured by a first-priority lien on their assets. This financing is subject to market conditions and has not been finalized. Core Scientific is accelerating its transition from Bitcoin mining to AI data center hosting services.