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Core Scientific Announces $500 Million Additional Financing Commitment from JPMorgan

On March 23, Bitcoin mining company Core Scientific announced that it has secured an additional $500 million financing commitment from JPMorgan, increasing its total credit facility to $1 billion, with the previous $500 million provided by Morgan Stanley. The company stated that the funds will be used for data center construction, equipment procurement, and energy infrastructure to support high-density hosting and AI-related business development.

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