Core Scientific secures up to $1bn in financing from Morgan Stanley

Morgan Stanley is a global financial services firm providing investment banking, securities, wealth management, and investment management services. With over $1.4 trillion in assets under management, it is active globally across various infrastructure sectors through its dedicated infrastructure funds and advisory services.

Core Scientific is a leading blockchain infrastructure provider and the largest publicly traded Bitcoin miner in North America. The company develops and operates high-performance, purpose-built data centers, primarily for Bitcoin mining, focusing on maximizing uptime and energy efficiency. They also offer hosting services for other blockchain and high-performance computing clients, including AI companies.