Core Scientific secures up to $1B credit from Morgan Stanley for data centers

The Bitcoin miner and data center operator said the financing will support infrastructure tied to high-density computing workloads, including artificial intelligence and HPC.

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 Texas, Georgia and North Carolina, hosting both Bitcoin (BTC) mining equipment and other high-density computing workloads.

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