Core Scientific is once again using long-term debt to swap into short-term debt, preparing to issue $3.3 billion in senior secured notes to clear the previous short-term loan and the interest. This action isn’t considered a direct negative for $BTC, but it shows that the financing pressure on mining companies hasn’t gone away yet, and the market will first watch who is absorbing higher funding costs. Tightness in the mining sector often first shows up in cash flow and expected sell pressure. $BTC