Core Scientific seeks $3.3 billion bond sale to further AI data center pivot
CoinDesk·2h ago·Neutral
What Happened
Core Scientific, a former bitcoin miner, is raising $3.3 billion through junk bonds to finance its transition to artificial intelligence data center operations. The company is building six AI-focused data centers under a 12-year leasing agreement with CoreWeave valued at approximately $10 billion. This move reflects growing capital demands in AI infrastructure development across the industry.
Key Entities
Core ScientificCORZCoreWeave$3.3 billionAI data centersjunk bonds