Release of $300 million restricted cash
Company: Core Scientific
The claim, verbatim
Credit facilities expected to release approximately $300 million of restricted cash, improving capital efficiency and financial flexibility
Source (primary)
Core Scientific Secures $600 Million of Senior Secured Credit Facilities - Core Scientific (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “The facilities are expected to release approximately $300 million of restricted cash, meaningfully improving our capital efficiency and financial flexibility”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
CFO Jim Nygaard is quoted saying the facilities are expected to release about $300 million of restricted cash and meaningfully improve capital efficiency and financial flexibility.
Confirmed in the source:
- The credit facilities are expected to release approximately $300 million of restricted cash
- The release is expected to improve Core Scientific's capital efficiency and financial flexibility
What we did: Read our cached copy of the publisher (https://investors.corescientific.com/news-events/press-releases/detail/143/core-scientific-secures-600-million-of-senior-secured-credit-facilities) in full (8,112 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific Secures $600 Million of Senior Secured Credit Facilities - Core Scientific
Quote: “The facilities are expected to release approximately $300 million of restricted cash, meaningfully improving our capital efficiency and financial flexibility”