Core Scientific Plans to Raise $3.3 Billion Through Junk Bond Issuance

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On April 21, Bloomberg reported that Core Scientific Inc. is planning to raise $3.3 billion by issuing junk bonds, joining a wave of high-yield issuers leveraging the debt market to finance artificial intelligence infrastructure. According to a source with direct knowledge, the company is developing six data center facilities, all of which have been contracted with CoreWeave Inc. under a 12-year agreement, expected to generate approximately $10 billion in revenue.

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