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CORE SCIENTIFIC RAISES $3.3B FOR AI DATA CENTER PIVOT

Core Scientific plans to raise $3.3 billion through a junk bond sale to fund its transition from cryptocurrency mining to building and leasing AI data centers to CoreWeave.

2 SOURCESFIRST SEEN APR 21, 07:50 PM► READ THE ARTICLE

Techmeme+0m

Core Scientific plans to raise $3.3B via a junk bond sale to finance its shift from crypto mining to building AI data centers and leasing them to CoreWeave (Francisco Rodrigues/CoinDesk)

Francisco Rodrigues / CoinDesk: Core Scientific plans to raise $3.3B via a junk bond sale to finance its shift from cryp…

Bloomberg Tech+1d 1h

Core Scientific Raises $3.3 Billion From AI Junk-Bond Offering

Core Scientific Inc. sold $3.3 billion in a high-yield note sale, marking the latest risky borrowing tied to AI infrastr…

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