Core Scientific secured $500 million from Morgan Stanley amid plans to liquidate its BTC portfolio in 2026 to finance AI expansion

Core Scientific has secured a $500 million loan facility from Morgan Stanley, with an accordion feature that could extend total commitments to $1 billion, in the most significant institutional endorsement yet of the digital infrastructure company’s transformation from Bitcoin miner to artificial intelligence compute provider.  The deal, priced at the Secured Overnight Financing Rate plus […]