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Core Scientific Plans to Raise $3.3B Through Junk Bond Issuance for AI Infrastructure

Core Scientific aims to raise $3.3B with junk bonds to fund AI infrastructure; six data centers under a 12-year CoreWeave contract are expected to generate about $10B in revenue. Core Scientific intends to raise about $3.3 billion via junk-bond issuance to finance artificial intelligence infrastructure, aligning with a broader move by high-yield issuers into AI-related funding. The firm is constructing six data center facilities under a 12-year contract with CoreWeave, projected to yield approximately $10 billion in revenue over the term.
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