Expected use of financing proceeds
Company: Core Scientific
The claim, verbatim
Proceeds will be used for general corporate purposes related to data center asset development, including equipment purchases, pre-development costs, real property acquisition, and energy procurement agreements
Source (primary)
core-scientific 8-K exhibit (exhibit991pressreleasebr.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The Company expects to use proceeds from borrowings under the Facility, as and when drawn, for general corporate purposes related to the development of data center assets, including without limitation purchase equipment costs, pre-development costs, real property acquisition and costs related to the acquisition of, and entrance into, agreements for the procurement of additional energy for data centers”
How we checked this
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Additional evidence
confirms core-scientific 8-K exhibit (exhibit991pressreleasebr.htm)
Quote: “The Company expects to use proceeds from borrowings under the Facility, as and when drawn, for general corporate purposes related to the development of data center assets, including without limitation purchase equipment costs, pre-development costs, real property acquisition and costs related to the acquisition of, and entrance into, agreements for the procurement of additional energy for data centers”