Gate News message, April 21 — Core Scientific Inc. is planning to raise $3.3 billion through junk bond issuance to finance artificial intelligence infrastructure, joining a wave of high-yield debt issuers tapping the debt market for AI infrastructure funding, according to Bloomberg.
The company is developing six data center facilities, all of which have been contracted to CoreWeave Inc. under a 12-year agreement expected to generate approximately $10 billion in revenue.
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