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Bitcoin remains resilient above $70,000, despite global market volatility and Middle East tensions. Major investment in crypto exchange OKX signals traditional finance's growing interest in digital assets. Continue Reading: Bitcoin Holds Steady Above $70,000 as Geopolitical Tensions Test Global Markets The post Bitcoin Holds Steady Above $70,000 as Geopolitical Tensions Test Global Markets appeared first on COINTURK NEWS .
Bitcoin traded at $72,648 on March 5, 2026, consolidating between $72,600 support and $73,100 resistance after an overnight push higher lost momentum. Technical indicators across the 1-hour, 4-hour, and daily charts show a market hovering in neutral territory as momentum indicators flatten and key moving averages point in competing directions. Bitcoin Chart Outlook The one-hour
The New York Stock Exchange’s parent company has invested in crypto exchange OKX as part of a push into tokenized stocks.
BitcoinWorld Core Scientific Secures Monumental $1B Morgan Stanley Loan for AI Infrastructure Pivot AUSTIN, Texas – March 2025 – In a landmark deal reshaping the digital infrastructure landscape, Bitcoin mining firm Core Scientific has secured a strategic financing commitment of up to $1 billion from global investment bank Morgan Stanley. This monumental agreement provides the capital foundation for the company’s ambitious transformation into a diversified AI data center infrastructure provider, marking one of the largest single financing events in the sector’s history. Core Scientific’s Strategic Financing Details The financing structure involves an initial 364-day loan commitment of $500 million. Furthermore, the agreement contains an accordion feature permitting an additional $500 million draw, subject to specific performance conditions. This flexible structure provides Core Scientific with substantial liquidity as it executes its strategic pivot. The company recently disclosed the sale of 1,900 Bitcoin, worth approximately $175 million, in January, a move analysts interpret as portfolio rebalancing ahead of this larger financing event. Morgan Stanley’s involvement signals a significant vote of confidence from traditional finance in the evolving digital infrastructure sector. The bank has increasingly positioned itself at the intersection of technology and finance, particularly in high-performance computing and data-centric investments. This deal follows a broader trend of institutional capital flowing into assets that support both cryptocurrency and artificial intelligence workloads. The AI Infrastructure Pivot Explained Core Scientific’s announced shift from a pure-play Bitcoin mining operation to an AI data center infrastructure company represents a strategic response to market dynamics and technological convergence. The company’s existing assets—including large-scale facilities, robust power contracts, and expertise in managing high-density computing—are directly transferable to the demanding AI compute market. Analyzing the Market Drivers Several converging factors make this pivot strategically logical. Firstly, the demand for AI training and inference compute has skyrocketed, creating a severe shortage of available data center capacity optimized for GPU clusters. Secondly, the Bitcoin mining industry has faced margin compression from increasing global hash rates and the recent Bitcoin halving event, incentivizing diversification. Finally, companies with established power infrastructure and scalable footprints possess a significant first-mover advantage in repurposing assets for AI workloads. The table below outlines the core competency transfer between Bitcoin mining and AI infrastructure: Bitcoin Mining Competency Application to AI Infrastructure High-Density Power Management Essential for operating power-hungry NVIDIA H100/A100 GPU clusters Advanced Cooling Solutions Directly applicable to cooling AI server racks generating immense heat Scalable Facility Operations Proven ability to manage 100+ megawatt data center campuses Low-Cost Power Procurement Critical for maintaining profitability in compute-intensive AI services 24/7 Operational Reliability Mandatory for uptime-sensitive AI model training and hosting Impact on the Cryptocurrency Mining Sector This financing and strategic shift will likely have ripple effects across the entire cryptocurrency mining industry. Other publicly traded miners may face investor pressure to articulate similar diversification strategies or demonstrate unique competitive moats. The deal also highlights the increasing value of mining companies’ underlying physical assets—their real estate, power contracts, and electrical infrastructure—which are now being appraised through a dual-use lens. Industry analysts point to several immediate implications: Capital Accessibility: Traditional lenders may become more open to financing miners with clear hybrid or diversification roadmaps. Asset Valuation: Mining facilities may be valued not just on hash rate but on their potential conversion capacity for AI workloads. Strategic Partnerships: Increased potential for joint ventures between mining firms and cloud/AI service providers. Financial and Operational Context Core Scientific’s journey to this point provides crucial context. The company emerged from Chapter 11 bankruptcy reorganization in early 2024, having successfully restructured its balance sheet. This clean financial slate, combined with its retained operational expertise and asset base, positioned it uniquely to attract strategic financing for a transformative pivot. The Morgan Stanley loan represents both a culmination of its restructuring and a launchpad for its next chapter. Furthermore, the timing coincides with a maturation in both the cryptocurrency and AI markets. Institutional investors now seek infrastructure plays that offer exposure to digital asset ecosystems without being solely dependent on cryptocurrency price volatility. AI infrastructure, by contrast, is seen as servicing a more predictable, enterprise-driven demand curve, albeit with its own technological and competitive risks. Broader Implications for Digital Infrastructure Beyond a single company’s strategy, this event underscores a macro trend: the convergence of compute-intensive technologies. The same fundamental resources—cheap energy, efficient cooling, and scalable real estate—are critical for both proof-of-work blockchain validation and large language model training. Consequently, companies that master the operational logistics of high-density computing are becoming strategically valuable across multiple technological frontiers. The financing also reflects a growing recognition in traditional finance that the infrastructure behind digital economies constitutes a legitimate and sizable asset class. Morgan Stanley’s commitment suggests that major investment banks are developing frameworks to underwrite and value these complex, technology-forward assets, potentially paving the way for more institutional capital to follow. Conclusion Core Scientific’s securing of up to $1 billion in financing from Morgan Stanley represents a pivotal moment for the company and the broader digital infrastructure sector. This strategic capital injection directly fuels its ambitious transition from a Bitcoin mining specialist to a diversified AI data center infrastructure provider. The deal validates the underlying value of the company’s physical and operational assets while highlighting the increasing convergence between blockchain and artificial intelligence compute demands. As Core Scientific executes its pivot, the industry will watch closely, as its success or failure could chart a course for the entire cryptocurrency mining and high-performance computing landscape. FAQs Q1: What are the specific terms of Core Scientific’s loan from Morgan Stanley? The agreement includes an initial $500 million loan with a 364-day term. It also features an accordion option allowing Core Scientific to request an additional $500 million, bringing the total potential facility to $1 billion, subject to certain undisclosed conditions. Q2: Why is Core Scientific pivoting to AI data center infrastructure? The pivot leverages the company’s core competencies in managing high-density, power-intensive computing operations. It also diversifies its revenue streams beyond Bitcoin mining, tapping into the explosive growth and sustained demand for AI training and inference compute capacity. Q3: How does the recent sale of 1,900 BTC relate to this financing deal? The sale, which occurred in January 2025 for approximately $175 million, is viewed by analysts as a strategic liquidity event. It likely helped strengthen the company’s balance sheet ahead of securing the larger, more structured financing from Morgan Stanley. Q4: What does Morgan Stanley’s involvement signify for the sector? Morgan Stanley’s participation signals growing institutional validation of digital infrastructure as an asset class. It indicates that major traditional financial institutions are developing the frameworks to underwrite complex deals in the converging fields of cryptocurrency and high-performance AI computing. Q5: Could other Bitcoin mining companies follow a similar strategy? Yes, many analysts believe this could become a trend. Mining companies with strong balance sheets, favorable power contracts, and scalable facilities are uniquely positioned to repurpose assets for AI workloads, potentially creating a new hybrid model for digital infrastructure companies. This post Core Scientific Secures Monumental $1B Morgan Stanley Loan for AI Infrastructure Pivot first appeared on BitcoinWorld .
WhiteBIT Coin ( WBT ), the native token of the WhiteBIT cryptocurrency exchange has been listed on the Kraken cryptocurrency platform, according to an announcement shared with Finbold on Thursday, March 5. The token is now available for trading on Kraken through WBT/EUR and WBT/USD pairs, expanding access to the asset for traders globally. Ecosystem expansion and market growth The listing follows a period of strong growth for WBT in 2025. During the year, the token increased by 160% and reached an all-time high of $64.1. Additionally, its market cap rose to $10.7 billion, making it the 11th-largest cryptocurrency by market value, according to CoinGecko data. “Listing WBT on Kraken represents a logical next step in the expansion of the WhiteBIT ecosystem,” said Volodymyr Nosov , Founder and President of W Group, which WhiteBIT is a part of. “It reflects the momentum we’ve built through ecosystem growth, strategic partnerships, and increasing institutional visibility. It’s another important endorsement of WBT’s value and its role in the future of digital finance.” WhiteBIT said the growth of WBT has been supported by the expansion of the broader W Group ecosystem, which includes partnerships such as the company’s collaboration with Juventus, where WhiteBIT serves as the club’s Official Sleeve and Cryptocurrency Exchange Partner. The company also highlighted its international expansion, including the launch of new operations in South America and the United States, as well as cooperation in the Middle East through a partnership with Saudi Arabia focused on developing blockchain infrastructure and central bank digital currency (CBDC) frameworks. WhiteBIT added that WBT has also gained institutional recognition, including its inclusion in the S&P Crypto Indices. Launched in 2022, WhiteBIT Coin is the utility token of the WhiteBIT exchange ecosystem. The token provides users with several benefits on the platform, including trading fee discounts, referral bonuses, withdrawal privileges, AML checks, staking rewards, and access to projects through the WhiteBIT Launchpad. WhiteBIT said the listing on Kraken expands access to WBT for a wider group of traders while supporting the continued development of its exchange ecosystem. Featured image via WhiteBIT. The post WhiteBIT Coin (WBT) listed on Kraken with EUR and USD trading pairs appeared first on Finbold .
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