Odaily Odaily reports that Bitcoin mining company Core Scientific has announced that its 364-day credit facility has been expanded to $1 billion, with JPMorgan Chase making an additional commitment of $500 million, in addition to the $500 million commitment previously provided by Morgan Stanley.
The financing rate is SOFR plus 250 basis points, and the company plans to use the funds for purposes related to data center asset development, including equipment procurement, preliminary development, land acquisition, and energy procurement.
