$500M letter-of-credit facility added in August 2026
Company: Core Scientific
The claim, verbatim
Core Scientific added a $500 million letter-of-credit facility in August 2026 alongside its revolver.
Source (primary)
Core Scientific colocation revenue rises 58% to $215 million as billing capacity reaches 485 MW - Yahoo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “alongside a letter-of-credit facility worth $500 million”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article says the $500 million letter-of-credit facility was added in August alongside the revolver, and its third-quarter 2026 context places that August in 2026.
Confirmed in the source:
- Core Scientific added a letter-of-credit facility worth $500 million
- The facility was added in August 2026 alongside the revolver
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/articles/core-scientific-colocation-revenue-rises-144913543.html) in full (10,633 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific colocation revenue rises 58% to $215 million as billing capacity reaches 485 MW - Yahoo Finance
Quote: “alongside a letter-of-credit facility worth $500 million”