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Core Scientific announces a $500 million additional financing commitment from JPMorgan Chase
Mars Finance reports that on March 23, Bitcoin mining company Core Scientific announced it received an additional $500 million financing commitment from JPMorgan, increasing its total credit limit to $1 billion, of which $500 million was previously 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.