Core Scientific seeks $3.3 billion bond sale to further AI data center pivot
CoinDesk
Core Scientific is raising $3.3 billion via a junk bond sale to expand its AI data center operations and repay existing debt.Summary
Core Scientific is planning a $3.3 billion junk bond sale to accelerate its transition from bitcoin mining to AI-focused data center operations. The firm is constructing six facilities to support AI workloads, with capacity already leased to CoreWeave under a 12-year agreement projected to generate $10 billion in revenue. Proceeds from the bond sale will be used to pay down debt and provide a financial cushion for ongoing construction, reflecting the high capital demands of the AI infrastructure sector.
(Source：CoinDesk)