Svmuu News: Bitcoin miner Core Scientific announced that its 364-day credit facility has been expanded to $1 billion, with JPMorgan Chase committing an additional $500 million, complementing the previous $500 million commitment from Morgan Stanley.
The financing rate is SOFR plus 250 basis points, and the company plans to use the funds for data center asset development-related purposes, including equipment procurement, upfront development, land acquisition, and energy procurement.
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Core Scientific's Financing Facility Expanded to $1 Billion, Receives Additional $500 Million Commitment from JPMorgan
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