Expected release of restricted cash
Company: Core Scientific
The claim, verbatim
Expected release of about US$300 million in restricted cash
Source (primary)
Core Scientific (CORZ) Is Down 5.6% After Securing $600M In New Credit Facilities And Liquidity Release - simplywall.st (-, news_article)
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Quote: “An important feature of this financing is the expected release of about US$300 million in restricted cash, which could materially increase Core Scientific's capital efficiency and financial flexibility as it funds corporate needs and project obligations under utility agreements.”
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Additional evidence
confirms Core Scientific (CORZ) Is Down 5.6% After Securing $600M In New Credit Facilities And Liquidity Release - simplywall.st
Quote: “An important feature of this financing is the expected release of about US$300 million in restricted cash, which could materially increase Core Scientific's capital efficiency and financial flexibility as it funds corporate needs and project obligations under utility agreements.”