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Core Scientific Secures $500 Million Loan Facility from Morgan Stanley for AI Expansion

Core Scientific Secures $500 Million Loan Facility from Morgan Stanley for AI Expansion

Core Scientific has secured a $500 million loan from Morgan Stanley, with an option to expand the financing to $1 billion, marking its entry into AI compute infrastructure.

BTC

Fact Check
The core claim is directly supported by official press releases and financial news reports from March 5, 2026. The loan amount ($500M), the lender (Morgan Stanley), the expansion option ($1B), and the purpose (AI/data center expansion) all match the evidence found in 'Core Scientific Secures Strategic Financing with Morgan Stanley for Up To $1 Billion' and 'Core Scientific获摩根士丹利提供最高10亿美元融资工具'.
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Summary

Core Scientific has secured a $500 million loan facility from Morgan Stanley, with an option to expand it to $1 billion. The loan will fund the transformation of mining sites in Texas, Georgia, and North Carolina into AI compute centers. This reflects the company’s move into AI infrastructure, alongside reducing its Bitcoin holdings by selling 1,900 BTC, leaving it with around 630 BTC in reserves.

Terms & Concepts
  • SOFR: The Secured Overnight Financing Rate, a benchmark interest rate based on U.S. Treasury repurchase market transactions and commonly used for pricing variable-rate loans.
  • Bitcoin: A decentralized digital currency secured by cryptography and maintained through a distributed blockchain network without reliance on central authorities.
  • AI compute centers: Specialized data center facilities optimized with high-performance hardware to support artificial intelligence training and inference workloads.