🔴 Core Scientific is trading 4.5% down today as crypto prices fall

Core Scientific is trading 4.5% down at $16.82 as cryptocurrency weakness weighs on crypto-linked equities.

• On August 27, Core Scientific announced $600 million in committed senior secured credit facilities: a $100 million revolver and a $500 million letter-of-credit facility.
• The financing was expected to release approximately $300 million in restricted cash.
• Bitcoin is down 1.62% since the previous close, while Solana and XRP have fallen 4.62% and 3.66%; broader indexes are only modestly lower.