Core Scientific expands its funding round to $1 billion, receiving an additional $500 million commitment from JPMorgan Chase.

03-23

This article is machine translated

Show original

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.

Sector:

Layer 1

Halving Tokens

Source

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

Add to Favorites

Comments

Relevant content

All-in station

Jack Dorsey announces a $1 million project to give away free Bitcoin.

BTC

0.03%

BlockTempo

Michael Saylor warns that BIP-110 is the biggest threat to Bitcoin; the four-year cycle is dead, and institutional capital is the real protagonist.

1.91%

BlockTempo

Gold surpasses US Treasury bonds for the first time in 30 years! Becoming the world's largest foreign exchange reserve, why is central bank asset allocation logic being rewritten?

BTC

0.03%