Business & Markets

Core Scientific Secures Up to $1 Billion Financing From Morgan Stanley to Expand Data Center Infrastructure

Core Scientific has secured a major financing arrangement with Morgan Stanley that could provide up to one billion dollars to support the expansion of its data center infrastructure. The Texas based digital infrastructure company confirmed the initial closing of a five hundred million dollar loan facility with a term of three hundred sixty four days. […]

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Bitcoin hash rate slips as miners redirect power toward AI computing

Bitcoin’s network hash rate has fallen to its lowest level in four months, signaling continued pressure across the mining sector as operators increasingly redirect resources toward artificial intelligence workloads. Network computing power declined below the one zetahash threshold, with the seven day average slipping to just under one thousand exahashes per second in mid January. […]

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