Core Scientific Raises $3.3 Billion From AI Junk-Bond Offering

Core Scientific Inc. sold $3.3 billion in a high-yield note sale, marking the latest risky borrowing tied to AI infrastructure construction.

The five-year bonds were priced at a discounted price of 99.25 cents on the dollar to yield 7.933%, according to a person with direct knowledge of the matter. That’s one the highest yields for data-center-linked junk bond deals so far this year, according to data compiled by Bloomberg.