Core Scientific Inc., one of the largest Bitcoin miners in the United States, has secured a $1B credit facility from JPMorgan Chase and Morgan Stanley. The company is shifting its focus away from mining activities to focus on using data centers for colocation and AI workloads to monetize infrastructure, diversify income streams and reduce exposure to volatility. The latest update includes an additional $500 million commitment from JPMorgan, bringing the total available credit funding to $1 billion. The financing will be used to develop data center infrastructure, equipment purchases, land acquisition and energy procurement.