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Core Scientific Secures $1B Morgan Stanley Facility for AI Data Centers

Core Scientific logoCore Scientific
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Morgan Stanley logoMorgan Stanley
Sig2.70Sen+3.40Env+1.20Soc+0.30Gov+0.70

Morgan Stanley extended a financing facility of up to $1 billion to Core Scientific as it shifts from Bitcoin mining to data center infrastructure. The initial $500 million tranche was closed under a 364-day loan with an accordion option to reach $1 billion. Funds will support equipment, land, early project costs and energy supply deals, including conversion of one Texas site, enabling acceleration of projects nearing readiness.

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