Core Scientific Inc.
Core Scientific Secures $500M Loan from Morgan Stanley for Data Center Development
Summary
On March 4, 2026, Core Scientific, Inc. entered into a Credit Agreement with Morgan Stanley Senior Funding, Inc. for a senior secured loan facility of up to $1 billion. The agreement provides for an initial loan of $500 million to be used for general corporate purposes related to the development of data center assets. The loan has a 364-day maturity and carries an interest rate of Secured Overnight Financing Rate (SOFR) plus 2.50%. The agreement also includes an accordion feature allowing for an additional $500 million in commitments. Core Scientific expects this financing to enhance its liquidity and financial flexibility. A press release announcing the agreement was issued on March 5, 2026.
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About Core Scientific Inc.
Core Scientific Inc. is a leading provider of blockchain infrastructure and artificial intelligence-related services and solutions. This dynamic company primarily focuses on the development of high-performance data centers designed to support digital asset mining and blockchain networks. The firm operates vast and sophisticated facilities that offer hosting services, providing clients with the necessary infrastructure to mine cryptocurrencies, including Bitcoin. Core Scientific Inc. is deeply embedded within the technology and financial sectors, leveraging advanced computing environments that enable scalable, secure, and efficient processing of blockchain transactions. Founded on the principles of innovation and operational excellence, Core Scientific has positioned itself as a significant player in the growth of blockchain technology, impacting how digital currencies are mined and managed. Its role in the financial markets includes supporting the decentralized finance ecosystem and contributing to the broader adoption of cryptocurrencies by enhancing the technical framework required for their operation and legitimacy.
Official SEC Documents
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