Core Scientific Expands Credit Facility to $1 Billion for Data Center and AI Growth
According to the company’s announcement, Core Scientific’s $1 billion 364-day facility includes commitments from JPMorgan Chase and Morgan Stanley as it targets further data center expansion after monetizing nearly all of its held BTC.
BTC
Fact Check
The claim is verified by an SEC 8-K filing (dated March 18, 2026, and reported on March 23, 2026) and an official company press release. All specific details, including the $1 billion total, the $500 million JPMorgan commitment, the 364-day term, the SOFR + 250 bps pricing, and the focus on AI/data center growth, are accurately reflected in the primary sources.
Summary
Core Scientific said in an official announcement that its 364-day credit facility totals $1 billion after JPMorgan Chase added a $500 million commitment alongside an existing $500 million commitment from Morgan Stanley. The company said the financing will support expansion of its data center business and follows its monetization of nearly all held BTC. Earlier disclosures said the proceeds were intended for data center asset development, including equipment, land, and energy purchases.
Terms & Concepts
- Credit facility: A prearranged financing line a company can draw on for approved uses such as expansion, operations, or capital expenditures.
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.