Core Scientific Seeks $3.3 Billion Bond Sale to Further AI Data Center Pivot

Core Scientific Adds to AI Junk-Bond Wave With $3.3 Billion Deal

Core Scientific Inc. is looking to raise $3.3 billion from a junk-bond sale, joining a wave of high-yield issuers tapping debt markets to fund artificial intelligence infrastructure.

Core Scientific seeks $3.3 billion bond sale to further AI data center pivot

The company is building six AI data centers, leased to CoreWeave for 12 years, and is expected to generate approximately $10 billion in revenue.

Core Scientific seeks $3.3B financing to fund U.S. data center expansion

Core Scientific is moving to secure $3.3 billion in fresh debt as it scales data center capacity beyond bitcoin mining. According to a Tuesday disclosure from Core Scientific, the company plans to issue senior secured notes due in 2031, backed…

Core Scientific seeks $3.3 billion bond sale to further AI data center pivot - Technology Shout

Core Scientific (CORZ) is preparing to raise $3.3 billion through a junk bond issuance as it continues its transformation into an artificial intelligence-focused data center business. Demand for AI services has pushed data centers, power supplies and advanced chips to their limits. To keep up, businesses are tapping riskier parts of the debt market to secure funding to continue growing their businesses. Core Scientific, a former Bitcoin miner, s…

Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bitcoin Mining to AI

Core Scientific, a Bitcoin miner turned data center operator, said that it plans to offer $3.3 billion worth of speculative-grade debt.

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 its 364-day credit facility to extend debt maturities. Core Scientific recently secured a separate $1 bil…