Core Scientific Launches $3.3bn Junk-Bond Sale to Fund AI Data Centers

2 articles · Updated · Bloomberg · Apr 21

Core Scientific Inc. is seeking to raise $3.3 billion through a junk-bond sale to fund AI infrastructure projects.
The company is developing six data centers, fully contracted to CoreWeave Inc. under a 12-year agreement worth up to $10 billion in revenue.
This move highlights growing demand for high-yield debt to finance artificial intelligence infrastructure amid a broader market trend.

Who truly profits from the AI gold rush: tech companies or their Wall Street lenders?

Can future AI revenues possibly justify the trillions being spent on infrastructure today?

As AI debt soars, are we repeating the very same mistakes of the 2008 financial crisis?

Can America's aging power grid handle the massive energy demands of new AI factories?

With GPUs becoming obsolete so fast, is this $3.3B investment already on a countdown?

How will small towns be transformed by the arrival of these billion-dollar data centers?