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.”
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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.”