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Home BlockchainCore Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI
Blockchain

Core Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI

by Decrypt
written by Decrypt 0 comments
Core Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI

In brief

  • Core Scientific secured up to $1 billion in financing from Morgan Stanley.
  • The firm is building data centers as it pivots away from Bitcoin mining.
  • The company has indicated that its Bitcoin will also finance the shift.

Core Scientific’s efforts to pivot away from Bitcoin mining are getting a boost from Morgan Stanley, with the company securing up to $1 billion in financing from the bank.

The Austin, Texas-based firm signaled in a press release on Thursday that the Wall Street giant had given…

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