Core Scientific Secures $600M JPMorgan Credit Facility to Unlock Restricted Cash
Core Scientific closed a $600M JPMorgan-led credit facility on Aug. 25, a structure expected to release roughly $300M in restricted cash for operations.
Core Scientific Inc. (NASDAQ: CORZ) is a technology company, listed on the NASDAQ. Alpha Stocks Insight has published 4 articles on CORZ since Tuesday, July 28, 2026, most recently "Core Scientific Wins Conditional ERCOT Approval for Up to 1,402 MW Across Texas Data Centers" on Friday, September 11, 2026. Coverage to date spans Technology and Earnings Report, tracking CORZ's earnings, analyst activity, and material corporate events. New coverage is added each trading day.
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CORZ secured conditional ERCOT power approvals covering up to 1,402 MW across Denton, Pecos, and Hunt, Texas, advancing its AI infrastructure buildout.
Core Scientific closed a $600M JPMorgan-led credit facility on Aug. 25, a structure expected to release roughly $300M in restricted cash for operations.
Core Scientific paid $444M cash for Polaris DS, adding 440 MW of live grid power and targeting a 1.5 GW Muskogee campus by 2027.
CORZ doubled revenue to $164.2M in Q2 2026 while sealing a 15-year AMD partnership targeting $14B in contracted revenue across 530 MW.
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Important Legal Disclaimer: This is for informational purposes only and is not financial, investment, or tax advice. Past performance is no guarantee of future results. We are not licensed advisors. For Swiss residents: This does not constitute a public offer under FINSA. For EU residents: Not MiFID II compliant advice. For US residents: Not SEC-registered advice. Always consult a qualified professional. Investing involves risk of loss.