Core Scientific announced it has secured an additional $500 million in funding commitment from JPMorgan Chase.

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According to ChainCatcher, Bitcoin mining company Core Scientific announced that it has received an additional $500 million in funding commitment from JPMorgan Chase, expanding its total credit line to $1 billion, of which the previous $500 million was provided by Morgan Stanley.

The company stated that the funds will be used for data center construction, equipment procurement, and energy infrastructure to support high-density hosting and AI-related business development.

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