Core Scientific secures $1 billion loan from Morgan Stanley amid AI pivot [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
Core Scientific (NASDAQ: CORZ) secured an initial $500 million loan from Morgan Stanley with an option to increase to $1 billion total. The loan carries an interest rate equal to the Secured Overnight Financing Rate plus 2.50%. Core Scientific intends to use the capital for general corporate purposes, focusing on data center asset development and energy procurement. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Recently Core Scientific reported $79.8 million in fourth-quarter revenue and $319 million for the entirety of 2025. The revenue drop reflects Core Scientific's shift away from bitcoin mining as it retires its bitcoin mining fleet to erect AI/HPC data centers. AI hosting revenue swelled to $31.3 million over the quarter as the company continues to deliver AI capacity to CoreWeave. Shareholders previously rejected a $9 billion all-stock buyout
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CORZ
News
- Why this fired OpenAI employee is betting $1bn on Bitcoin miners [Yahoo! Finance]Yahoo! Finance
- Core Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI [Yahoo! Finance]Yahoo! Finance
- Core Scientific Secures Strategic Financing with Morgan Stanley for Up To $1 BillionBusiness Wire
- Clearline Capital Increases Core Scientific Stake as Bitcoin Mining Becomes a Data Center Business [Yahoo! Finance]Yahoo! Finance
- Core Scientific (CORZ) had its price target raised by Canaccord Genuity Group Inc. from $17.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
CORZ
Earnings
- 3/2/26 - Beat
CORZ
Sec Filings
- 3/6/26 - Form 8-K
- 3/4/26 - Form SCHEDULE
- 3/2/26 - Form 10-K
- CORZ's page on the SEC website