Restricted cash release
Company: Core Scientific
The claim, verbatim
The facilities are expected to release approximately $300 million of restricted cash
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”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The press release quotes CFO Jim Nygaard saying the facilities are expected to release approximately $300 million of restricted cash; the source presents this as an expectation, matching the claim's wording.
Confirmed in the source:
- The facilities are expected to release approximately $300 million of restricted cash
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”
confirms Core Scientific (CORZ) Is Down 5.6% After Securing $600M In New Credit Facilities And Liquidity Release - simplywall.st
Quote: “the expected release of about US$300 million in restricted cash, which could materially increase Core Scientific's capital efficiency and financial flexibility”