Just read that Core Scientific has secured a credit facility of up to $1 billion with Morgan Stanley. That's a pretty large sum for a Bitcoin mining operation. Approving such credit lines usually takes a while—somewhere between 500 minutes of intense negotiations and several hours of final approvals with the bankers, I’d estimate. Interesting that traditional financial institutions like Morgan Stanley are now directly investing in crypto mining infrastructure. That shows how seriously the big players are taking the issue. Is this bullish for Bitcoin’s hash rate in the long term?

BTC-1,72%
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