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27.08.26 - 13:06
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Core Scientific Secures $600 Million of Senior Secured Credit Facilities (Business Wire)
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MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has entered into $600 million of committed senior secured credit facilities, consisting of a $100 million revolving credit facility and $500 million letter of credit facility.The proceeds of borrowings under the revolving credit facility may be used for general corporate purposes and working capital needs. The letter of credit facility may be issued to provide credit support for specific project obligations under utility agreements and for other general corporate purposes of the Company and its subsidiaries.“We appreciate the group of financial institutions that worked with us to develop a financing solution tailored to the needs of our business,” said Jim Nygaard, Chief Financial Officer of Core Scientific. “The facilities are expected to release approximately $300 million of restricted cash, me...
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14.08.26 - 13:03
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Core Scientific Completes Acquisition of Polaris DS, Advancing Planned Muskogee Expansion to 1.5 GW of Gross Power (Business Wire)
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MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has completed its previously announced acquisition of Polaris DS LLC (“Polaris”).
Through the acquisition, Core Scientific has secured the approximately 440 currently in service megawatts (“MW”) of gross, grid-connected power capacity being used by Polaris under existing electric service agreements with Oklahoma Gas & Electric. The aggregate purchase price for the acquisition was approximately $444 million in cash.
“The Polaris acquisition is another example of how we are strategically expanding our power portfolio to support our long-term growth,” said Adam Sullivan, Chief Executive Officer of Core Scientific. “Through site acquisitions this year, we have added more than 600 MW of leasable power to our portfolio, while continuing to further scale our campuses.”
Core Scientific reiterat...
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10.08.26 - 22:24
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What’s Driving TeraWulf (WULF) Stock, and Are Its Peers Moving Too? (24/7 Wall St.)
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TeraWulf (NASDAQ:WULF) stock is leading a group of Bitcoin (CRYPTO:BTC) miner-turned-AI-infrastructure companies in 2026, with shares up 40.82% year to date. Applied Digital (NASDAQ:APLD) stock is up 18.52%, IREN Limited (NASDAQ:IREN) stock is up 2.57%, and Core Scientific (NASDAQ:CORZ) stock is up 33.52%, putting TeraWulf ahead of all three peers. The broader backdrop has also ... What's Driving TeraWulf (WULF) Stock, and Are Its Peers Moving Too?...
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29.07.26 - 11:51
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Core Scientific Appoints Mark Adams to Board of Directors (Business Wire)
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Proven Technology Executive Brings Track Record of Scaling and Transforming Global BusinessesMIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced the appointment of Mark W. Adams to its Board of Directors, effective immediately. With the addition of Mr. Adams, Core Scientific's Board will expand to seven directors.Mr. Adams brings over three decades of technology leadership experience across the AI infrastructure, semiconductors, storage, digital media, and enterprise hardware industries. Most recently, he served as President and Chief Executive Officer of Penguin Solutions, Inc. (formerly SMART Global Holdings, Inc.) from 2020 until 2026. During his tenure, he led the company through a multi-year repositioning toward AI infrastructure solutions, including memory solutions and IT services serving enterprise and hyperscale customers. Prior to Penguin, Mr. Adams ...
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29.07.26 - 03:06
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Core Scientific and AMD joing forces to boost AI infrastructure (Digitimes)
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Core Scientific and AMD have announced a significant partnership to boost AI infrastructure and address the growing demand for artificial intelligence technologies. Under the agreement, AMD will gain access to more than 500 MW of US data center capacity starting in 2027, with the potential to scale up to 2.5 GW....
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