CoreScientific announced that it has received an additional $500 million funding commitment from JP Morgan Chase

Bitcoin mining company CoreScientific announced that it has received an additional US$500 million in financing commitment from JPMorgan Chase, expanding its total credit line to US$1 billion, of which US$500 million was previously provided by Morgan Stanley. The company said the funds will be used for data center construction, equipment procurement and energy infrastructure to support the development of high-density hosting and AI-related businesses.