08:09 AM EDT, 03/23/2026 (MT Newswires) -- Core Scientific ( CORZ ) said Monday it closed an additional $500 million commitment from JPMorgan Chase ( JPM ) to expand its 364-day credit facility to $1 billion.

The newly closed financing adds to a previously announced $500 million commitment from Morgan Stanley ( MS ) , and the borrowings under the agreement carry an interest rate of the Secured Overnight Financing Rate plus 2.5%, the company said.

The company plans to use the funds for general corporate purposes tied to data center development, including equipment purchases, real estate acquisitions, and energy procurement, it said.