Morgan Stanley $1B facility
Company: Core Scientific
The claim, verbatim
Core Scientific obtained a financing facility of up to $1 billion from Morgan Stanley, with an initial $500 million tranche closed on a 364-day loan agreement at SOFR plus 2.50% interest, with accordion feature allowing expansion to $1 billion.
Source (primary)
Core Scientific Gets $1B Morgan Stanley Facility for AI Push - CoinMarketCap (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “Morgan Stanley has extended a financing facility of up to $1 billion to Core Scientific as the company moves away from Bitcoin mining and toward data center infrastructure. The firm, based in Austin, Texas, closed the initial $500 million tranche under a 364-day loan agreement on Thursday.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states each term of the facility: the $1 billion ceiling, the $500 million initial tranche, the 364-day term, SOFR plus 2.50% pricing, and the accordion feature.
Confirmed in the source:
- Morgan Stanley extended a financing facility of up to $1 billion to Core Scientific
- The initial $500 million tranche was closed
- The tranche is under a 364-day loan agreement
- The facility carries interest at SOFR plus 2.50%
- An accordion feature allows total borrowings to reach $1 billion
What we did: Read our cached copy of the publisher (https://coinmarketcap.com/academy/article/core-scientific-gets-dollar1b-morgan-stanley-facility-for-ai-push) in full (5,708 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific Gets $1B Morgan Stanley Facility for AI Push - CoinMarketCap
Quote: “Morgan Stanley has extended a financing facility of up to $1 billion to Core Scientific as the company moves away from Bitcoin mining and toward data center infrastructure. The firm, based in Austin, Texas, closed the initial $500 million tranche under a 364-day loan agreement on Thursday.”