Core Scientific Plans $3.3B Debt Raise to Expand AI Data Centers
Cointelegraph
Core Scientific is raising $3.3 billion via senior secured notes to fund AI data center expansion and refinance existing debt.Summary
Core Scientific has announced a $3.3 billion debt offering through senior secured notes due in 2031 to accelerate its transition into high-performance computing and artificial intelligence. The capital will be utilized to develop new data center infrastructure in Georgia, Texas, North Carolina, and Oklahoma, while also refinancing short-term credit facilities. This strategic move aligns with a broader trend among crypto miners, such as MARA Holdings and Hut 8, who are diversifying revenue streams beyond traditional Bitcoin mining to capitalize on the growing demand for AI infrastructure.
(Source：Cointelegraph)