Core Scientific Plans $3.3 Billion Debt Raise to Accelerate AI Pivot
Bitcoin.com News·60-word summary·1 min read
Core Scientific plans to raise $3.3 billion through a debt offering to fund its shift from bitcoin mining to AI-focused data centers. The company aims to issue 2031 notes, with JPMorgan backing a $1 billion credit line and asset sales supporting the transition. This move highlights a significant industry shift toward AI infrastructure.
A new documentary claims that Bitcoin's true creators were two individuals, Hal Finney and Len Sassaman, rather than Satoshi Nakamoto. The film suggests that Finney and Sassaman played key roles in Bitcoin's development, challenging the widely held belief that Nakamoto was a single pseudonymous figure. The documentary highlights their contributions and raises questions about Bitcoin's true origins.
A new documentary suggests that Hal Finney and Len Sassaman may have been Bitcoin’s co-creators, challenging the traditional Satoshi Nakamoto narrative. The film, based on a four-year investigation by author William D. Cohan and private investigator Tyler Maroney, explores the possibility that Finney and Sassaman played key roles in Bitcoin’s development, raising questions about Nakamoto’s true identity.
Bitcoin’s Bull Score Index has risen to 50, entering a neutral zone for the first time in this bear market, according to CryptoQuant. This shift suggests improved market conditions but does not indicate a trend reversal, as similar past episodes in March 2022 saw prices decline afterward. The index's recovery reflects recent price stabilization from lows in the low-$60,000s.
Onramp has launched a new Bitcoin finance platform aimed at providing BTC-native services. The platform, announced on April 22, 2026, is designed to enhance Bitcoin's utility in financial applications. This move aims to expand Bitcoin's ecosystem by offering specialized financial tools and services directly integrated with BTC, supporting the growing demand for Bitcoin-based financial solutions.
Bitcoin surged to $93,259, an 11-week high, driving gains in crypto-related stocks. Coinbase (COIN) increased 1.8% premarket, Robinhood (HOOD) rose 1.6%, and MicroStrategy (MSTR) gained 2.2%. The rally was supported by increased risk appetite following an extended U.S.-Iran cease-fire and a new UK product launch. Piper Sandler also raised its price target on Coinbase to $180.
Former President Donald Trump’s announcement of an indefinite extension of the US-Iran ceasefire has eased geopolitical tensions, boosting confidence in the crypto market. This development has increased the likelihood of Bitcoin reaching $80,000, as market sentiment improves amid reduced geopolitical risks. The news has positively impacted Bitcoin’s bullish momentum, with traders optimistic about future gains.