Bitcoin Miner Core Scientific Secures up to $1B Morgan Stanley Funding for AI Pivot

The post Bitcoin Miner Core Scientific Secures up to $1B Morgan Stanley Funding for AI Pivot appeared first on Coinpedia Fintech News On Thursday, Bitcoin mining company Core Scientific Inc. (Nasdaq: CORZ) announced that it had secured up to $1 billion from Morgan Stanley (NYSE: MS) to accelerate the shift of its Bitcoin mining facilities (all 10 sites) into AI data centers. Per terms of the agreement, Core Scientific will receive an initial $500 million, 364-day loan. …