Core Scientific increases credit facility to $1.0B with additional $500M from JPMorgan

Core Scientific, Inc./tx

Total commitments under facility now $1.0B, up from $500M previously from Morgan Stanley.
Additional $500M commitment from JPMorgan Chase N.A.; borrowings bear SOFR + 250 bps.
Proceeds to be used for data center development, including equipment, pre-development costs, property acquisition, and energy procurement.
CEO Adam Sullivan said the expanded facility positions the company to execute on development and go-to-market strategy.
Facility is a 364-day credit agreement; incremental amendment closed March 18, 2026.

item 1.01 item 2.03 item 8.01 item 9.01

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