Core Scientific Lands 0M Morgan Stanley Credit Line, Expandable to B

Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion.According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, including equipment purchases, real estate acquisition and securing additional power agreements.The company operates large-scale data centers in several US states, including…

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