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Core Scientific secures $500M JPMorgan credit to expand AI data centers

Core Scientific logoCore Scientific
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JPMorgan Chase logoJPMorgan Chase
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Morgan Stanley logoMorgan Stanley
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Core Scientific secured a new $500 million credit commitment from JPMorgan Chase, doubling its available financing to $1 billion by expanding a 364-day credit facility. The company says the added liquidity supports its shift from Bitcoin mining to AI-focused data center services and notes plans in its filing to liquidate most reserves by 2026 to fund infrastructure.

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