Core Scientific Targets $3.3B Debt for AI Data Centers

TLDR Core Scientific plans to raise $3.3 billion through senior secured notes due in 2031. The company will back the notes with its assets, giving investors priority claims in a default. Core Scientific intends to use the proceeds to fund AI-focused data center expansion across the United States. The company will also repay borrowings under [...]

The post Core Scientific Targets $3.3B Debt for AI Data Centers appeared first on Blockonomi.