BusinessAdmin•Yahoo Finance RSS•2 hours ago
Core Scientific Raises $3.3 Billion Through Bond Sales for Data Center Transition
Core Scientific has raised $3.3 billion by selling bonds to support its transition to data center operations.
- • Core Scientific has successfully sold $3.3 billion in bonds to finance its shift towards data centers.
- • The company aims to pivot its business model to focus on data services, moving away from its previous emphasis on cryptocurrency mining.
- • This strategic change is part of Core Scientific's efforts to adapt to market conditions and enhance its revenue streams.
Source: Yahoo Finance RSS
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