Core Scientific has secured a financing agreement with Morgan Stanley worth up to $1 billion to expand its digital infrastructure operations. The company completed the initial $500 million closing of a 364-day loan facility, which includes an option to increase total commitments to $1 billion.

$500M Facility with Expansion Option

According to Thursday announcement, the loan carries an interest rate of the Secured Overnight Financing Rate (SOFR) plus 2.5%. The company said the additional funds will boost liquidity and support the development of new data centers, including costs tied to equipment, land acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, and energy procurement.

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This deal comes when Core Scientific is expanding from Bitcoin mining toward AI-focused data centers and high-density colocation. It also gives the company short-term firepower to execute that plan after only recently stabilizing its balance sheet.

Core Scientific is converting existing facilities to handle artificial intelligence workloads. CEO Adam Sullivan said the financing “enhances our financial flexibility” and helps the firm move faster on project deployments.

Core Scientific Lands $500M Loan at ~7.8% as AI Data Center Financing Boom Continues $CORZ https://t.co/Gjg8RUxyRd

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Additionally, the deal sits within a broader shift across the Bitcoin mining sector, where peers increasingly convert Bitcoin into cash to fund diversification into AI infrastructure and reduce balance sheet risk.

Miners Offload Bitcoin Treasuries to Back AI

One prominent example is Bitdeer which recently emptied its entire treasury to build liquidity for AI and high-performance computing projects.

In its update, the Nasdaq-listed miner reported zero Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term holdings as of February 20, saying it had sold all 189.8 BTC mined that week alongside reserve coins. The move freed up roughly $12 million at current prices and pushed net BTC added for the period to minus 943.1 BTC.

Elsewhere, largest Nasdaq-listed public Bitcoin miner by BTC held MARA Holdings, updated its 2026 treasury policy to allow sales of accumulated reserves after a period of heightened volatility.

The report explained that MARA aims to use selective Bitcoin sales to manage risk and potentially fund expansion into areas such as AI and high-performance computing, aligning it with peers that increasingly prioritize cash flow and infrastructure growth over holding large BTC treasuries.

Core Scientific operates data center facilities across multiple U.S. states, including Texas, Georgia, and North Carolina.