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Core Scientific Secures $600 Million in Senior Secured Credit Facilities

Core Scientific logoCore Scientific
Sig2.60Sen+3.80Env-0.30Soc0.00Gov+0.20

Core Scientific entered into $600 million of committed senior secured credit facilities, including a $100 million revolving credit facility and a $500 million letter of credit facility. Proceeds may be used for general corporate purposes and working capital, and letters of credit can support project obligations under utility agreements. The company is repurposing mining facilities to expand high-density colocation services.

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