Core Scientific to Issue $3.3 Billion in Bonds to Drive AI Data Center Expansion
Core Scientific is set to raise $3.3 billion through a high-yield bond sale, marking a significant step in its transition to AI-focused data center operations. The surge in demand for AI services has pushed the limits of data centers, power supply, and advanced chips, prompting companies to explore riskier debt markets to fund their operations. Core Scientific, formerly a major bitcoin miner, rec…
April 21, 2026, 7:27 p.m.