Core Scientific is planning to raise $3.3 billion through a junk bond issuance

BlockBeats News, April 21st, according to Bloomberg, Core Scientific Inc. is planning to raise $3.3 billion through a junk bond issuance, joining a wave of high-yield issuers tapping the debt market to finance artificial intelligence infrastructure.

According to a direct source familiar with the matter, the company is developing six data center facilities that have all been fully contracted with CoreWeave Inc. under a 12-year agreement, expected to generate approximately $10 billion in revenue.