Core Scientific Secures $1 Billion Funding from Morgan Stanley

2026-03-05 22:04

Core Scientific has secured up to $1 billion in funding from Morgan Stanley, with the completion of the first tranche of a $364 million loan. The initial loan size is $500 million, with an option to increase by an additional $500 million. The loan, which carries an interest rate of SOFR plus 2.5 percentage points, has a term of 364 days. The funds will be used for general corporate purposes, including data center asset development, equipment procurement, and real estate acquisitions. This financing aims to enhance liquidity and accelerate the deployment of high-density hosting and AI-related infrastructure projects.

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