Core Scientific said Morgan Stanley will provide up to $1 billion in credit to fund data center infrastructure for high‑density computing, including AI and high‑performance computing. The financing supports a strategic shift beyond Bitcoin mining toward enterprise compute workloads.
Core Scientific plans to sell most of its 2,500 BTC in Q1 2026 to boost liquidity and finance AI-focused data center buildouts. The move underscores a broader industry shift as public bitcoin miners pivot toward high-performance computing.