Core Scientific’s AI pivot gets $500M boost as BTC miners count pennies

Core Scientific has secured a $500 million loan facility from Morgan Stanley, with an accordion feature that could extend total commitments to $1 billion, in the most significant institutional endorsement yet of the digital infrastructure company’s transformation from Bitcoin miner to artificial intelligence compute provider. The deal, priced at the Secured Overnight Financing Rate plus […] source: https://www.cryptopolitan.com/core-scientific-ai-boost-miner-count-pennies/