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Core Scientific plans to raise $3.3 billion through the issuance of junk bonds
BlockBeats News, April 21 — According to Bloomberg, Core Scientific Inc. is planning to raise $3.3 billion through a junk bond issuance, joining a wave of high-yield issuers leveraging the debt market to finance artificial intelligence infrastructure.
According to a person directly involved, the company is developing six data center facilities, all contracted with CoreWeave Inc. under a 12-year agreement, expected to generate approximately $10 billion in revenue.