Bitcoin miner Core Scientific shifts to AI with 1.5GW data center push

In recent developments, core Scientific is converting its Pecos, Texas site into a high-density AI colocation hub, repurposing 300MW of mining capacity. Looking closer, market participants highlight key drivers such…

Core Scientific Plans $3.3 Billion Debt Raise to Accelerate AI Pivot

In recent developments, core Scientific is seeking to raise $3.3 billion through a debt offering as it pivots toward AI-focused data centers. The move underscores a broader shift away from…

Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bit…

In recent developments, core Scientific, a Bitcoin miner turned data center operator, said that it plans to offer $3.3 billion worth of speculative-grade debt. Looking closer, market participants highlight key…

JPMorgan Adds $500M to Core Scientific Financing, Total Hits $1B

In recent developments, core Scientific disclosed that it has expanded its credit facility to $1 billion after securing an additional $500 million commitment from JPMorgan, strengthening its push into data…