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Just saw that Core Scientific secured a massive credit facility of up to one billion dollars with Morgan Stanley. That's actually impressive for a Bitcoin mining operation, especially considering how volatile the market is.
This probably means that major financial institutions are starting to take the mining sector more seriously. Getting a billion in credit lines is no small feat. With that, they can significantly expand their operations or hedge against market downturns.
I don't know if this is simply a sign that Bitcoin mining is now becoming mainstream, or if Morgan Stanley just sees long-term profit potential here. In any case, it's interesting to see how the financial world is approaching the crypto space. What do you think?