08:50 AM EDT, 07/12/2024 (MT Newswires) -- Core Scientific ( CORZ ) said Friday its tranche 2 warrants (CORZZ) are now exercisable until Jan. 23, 2029, following the satisfaction of a trigger event under its deal with Computershare and Computershare Trust.

The bitcoin mining and hosting services provider said the trigger event was met after its stock price maintained a daily volume-weighted average above $8.72 for 20 consecutive trading days, as of July 11.

Core Scientific ( CORZ ) has about 81.9 million outstanding tranche 2 warrants, each allowing the holder to buy one share at $0.01 a piece, the company added.

Shares of the company were down 1.5% in recent Friday premarket activity.

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