Techub News, Bitcoin mining company Core Scientific announced that JPMorgan Chase added $500 million in commitments through an expansion clause of its 364-day credit facility agreement, expanding the total financing size to $1 billion, with Morgan Stanley having previously committed $500 million. The financing interest rate is secured overnight financing rate (SOFR) plus 250 basis points (2.5%). The company plans to use the proceeds for general corporate purposes related to data center asset development, including equipment purchases, preliminary development, land acquisition, and new data center energy procurement.

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