AI Expansion Secured with $1B Loan
@CoreScientific has secured a $1 billion credit line from Morgan Stanley, initially set at $500 million, to expand data processing centers and enhance AI infrastructure. #Update #Crypto
Core Scientific
Core Scientific Secures $1 Billion Loan
@CoreScientific secures up to $1 billion in financing from Morgan Stanley, including a $500 million loan facility to enhance data center infrastructure amid rising customer demand. #Update #Crypto
Data Center Expansion Core Scientific Invests
@Core_Scientific partners with @CoreWeave for a $1.2B data center expansion in Texas, aiming to build a leading GPU-based supercomputer despite recent losses. #Update #Tech (+5) ↗
Bitmain Divests Core Scientific Stake
@Bitmain sold nearly half its Core Scientific stake as the latter’s stock surged 219.4% due to AI and hosting service expansion #Update #Crypto (+5) ↗ (Source: Hodl.Press)