The Bitcoin miner outlines a $2 billion capital expenditure plan for 2026, backed by $3.3 billion in project bond financing.
Core Scientific has finalized a $3.3 billion project bond financing to support its $2 billion capital expenditure plan for 2026. The funding will accelerate infrastructure expansion, including data center buildouts and mining rig deployments, as the company scales operations amid rising demand for digital asset infrastructure.
The $2 billion capex target follows a period of financial restructuring, with the company emerging from bankruptcy in early 2024. Analysts had anticipated a significant reinvestment phase, though the scale of the bond financing exceeds prior estimates. Comparable miners have pursued smaller, phased funding rounds to manage debt levels.
Shares of Core Scientific (CORZ) rose modestly in after-hours trading, reflecting investor optimism about the company’s growth trajectory and liquidity position.