debt raise

Core Scientific Seeks $3.3 Billion Debt Raise for Data Center Expansion

Core Scientific is raising $3.3 billion through senior secured notes due 2031 to fund data center expansion across Georgia, Texas, North Carolina and Oklahoma, and to refinance existing short-term debt. The debt offering allows capital access without shareholder dilution. The move follows a $1 billion credit agreement with Morgan Stanley in March as crypto miners increasingly pivot toward high-performance computing and AI workloads.