Core 42 gains $550M HSBC trade finance
Core 42 announced that it has signed an agreement with HSBC Bank to secure trade finance facilities amounting to $550 million, aimed at supporting the deployment of cloud infrastructure and advanced computing outside the UAE, particularly in the American and European markets. The deal was financed and facilitated in stages, with $240 million obtained in February and an additional $310 million in May 2026, to support its global expansion and operational growth in the fields of artificial intelligence and cloud infrastructure.
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