Core Scientific Announces $3.3 Billion Junk-Bond Sale to Fund AI Infrastructure Expansion
Core Scientific, a former Bitcoin miner now focused on AI infrastructure, announced a $3.3 billion junk-bond sale to fund its expansion into data centers. The company plans to use the proceeds to refinance debt and accelerate its AI infrastructure projects, with shares rising 4.5% following the announcement. The move reflects a strategic pivot away from Bitcoin mining.
Topics: AI infrastructure Bitcoin mining corporate strategy data centers financing junk bonds