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. […]

Business & Markets

Core Scientific Plans to Sell Bitcoin Holdings to Accelerate AI Data Center Expansion

Core Scientific is preparing to significantly reduce its bitcoin treasury as the company shifts its strategic focus toward artificial intelligence infrastructure and high performance computing services. The US based digital asset mining company revealed in a recent regulatory filing that it intends to sell the majority of its bitcoin reserves during the first quarter of […]

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