Core Scientific's Financing Facility Expanded to $10 Billion, Receives Additional $500 Million Commitment from JPMorgan

Odaily News Bitcoin mining company Core Scientific announced that its 364-day credit financing facility has been expanded to $10 billion, with JPMorgan Chase providing an additional $500 million commitment, on top of the existing $500 million commitment from Morgan Stanley.

The financing carries an interest rate of SOFR plus 250 basis points. The company plans to use the funds for data center asset development purposes, including equipment procurement, pre-development activities, land acquisition, and energy procurement.