Core Scientific Secures $500 Million Term Loan Facility

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An announcement from Core Scientific Inc ( (CORZ) ) is now available.

On March 4, 2026, Core Scientific Inc. entered into a senior secured credit agreement with lenders led by Morgan Stanley Senior Funding Inc., establishing a 364‑day term loan facility for $500 million with an accordion feature that could raise total commitments to $1 billion. The company drew the full $500 million on March 5, 2026, with proceeds earmarked for data center development and related energy and real estate costs, under covenants that restrict additional debt, dividends and certain transactions while pledging substantially all assets as collateral.

The facility, bearing interest at term SOFR plus 2.50%, includes requirements to use proceeds from asset sales, new debt, equity raises and certain fees to prepay the loan, and allows optional prepayment without penalty. The financing strengthens Core Scientific’s liquidity and gives it greater flexibility to accelerate project timelines for high‑density data center infrastructure, supporting its strategic shift from primarily digital asset mining toward AI‑oriented and high‑density colocation services, with implications for lenders, equity holders and customers as the balance sheet takes on short‑term secured leverage tied to development milestones.

The most recent analyst rating on (CORZ) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.

Spark’s Take on CORZ Stock

According to Spark, TipRanks’ AI Analyst, CORZ is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, ongoing losses, negative equity, heavy leverage, and sharply negative recent free cash flow). Technicals also reflect a bearish trend despite oversold readings. These are partly offset by a more favorable earnings-call outlook around colocation ramp and financing flexibility, and a modestly supportive P/E.

To see Spark’s full report on CORZ stock, click here.

More about Core Scientific Inc

Core Scientific Inc. is a U.S.-based provider of digital infrastructure that designs, builds and operates large-scale, purpose-built data centers for high-density colocation services. The company runs facilities across several states, offers colocation, software and services to third-party customers, and currently earns most of its revenue from digital asset mining while transitioning capacity toward AI-related and next-generation colocation workloads.

Core Scientific operates its own fleet of mining computers for its account but plans to repurpose most remaining mining-focused facilities to support high-density colocation as conditions permit. The company aims to retain control over power access, maximize the value of existing mining equipment through third-party arrangements, and meet obligations to current suppliers and customers as it shifts its business mix toward high-density colocation revenue.

Average Trading Volume: 11,279,554

Technical Sentiment Signal: Buy

Current Market Cap: $5.05B

For an in-depth examination of CORZ stock, go to TipRanks’ Overview page.