Core Scientific secures up to $1B credit from Morgan Stanley for data centers

Core Scientific has secured a credit facility of up to $1 billion from Morgan Stanley to support its data center operations. This funding aims to enhance the company's infrastructure and expand its capacity for cryptocurrency mining. The deal comes as Core Scientific seeks to strengthen its position in the competitive crypto market amid fluctuating prices and increased operational costs. The financing will enable the company to invest in new technologies and improve efficiency in its data centers.

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