[Morgan Stanley Provides $500 Million Loan to Core Scientific] According to a report by Jinse Finance, Core Scientific announced on Thursday that it has secured $500 million in financing from Morgan Stanley. According to a statement, this 364-day loan agreement includes an incremental option, allowing the company to increase the loan commitment by an additional $500 million, bringing the potential total to $1 billion. The loan carries an interest rate of SOFR plus 250 basis points. Core Scientific stated that it plans to use the financing to acquire real estate, cover upfront development costs, and procure additional energy contracts. Additionally, the funds will be used to purchase necessary equipment to upgrade its existing facilities in Texas, Georgia, and North Carolina into infrastructure capable of supporting compute-intensive workloads.