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From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
21.11.2024
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host...
Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
29.10.2024
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said
BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies
28.10.2024
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target
Crypto Biz: SushiSwap bets on new roadmap against DEX competition
25.10.2024
This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases
Crypto Biz: SushiSwap bets on new roadmap against DEX competition
25.10.2024
This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases
Crypto Biz: SushiSwap bets on new roadmap against DEX competition
25.10.2024
This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases
Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago
23.10.2024
AI clusters and bitcoin mining operations have vastly different needs. Core Scientific's chief development officer gets down to the nitty gritty
BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue
22.10.2024
Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend Partnership This contract extension could bring Core...
Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue
22.10.2024
CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations.
Core Scientific, on Cusp of Becoming a Major Force in AI Hosting, Initiated at Buy: Canaccord
23.9.2024
The broker started coverage of the bitcoin miner with a buy rating and a $16 price target
Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein
10.9.2024
The bitcoin miner benefits from readily available sites and power, less competition and the ability to hire strong data center talent, the report said
Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
2.9.2024
Mining revenues hit 12-month lows in August, according to Bitbo
Core Scientific drops 10% after $400 million convertible senior note offer
14.8.2024
Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
13.8.2024
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other...
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
6.8.2024
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years
Core Scientific shares climb 12% after CoreWeave expands GPU hosting deal
6.8.2024
Core Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12-year hosting agreement
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
17.7.2024
The bitcoin miner will be a future leader in HPC hosting due to the lucrative deals it has signed with CoreWeave and management’s deep experience in operating enterprise data centers, the report said
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
12.7.2024
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s...
Block & Core Scientific Announce Landmark Bitcoin Mining Deal
10.7.2024
Block (formerly Square) and Core Scientific have announced a new partnership for Bitcoin Mining. This collaboration centers around the supply of Block’s new 3-nanometer mining ASICs, developed by their Proto team, to Core Scientific. The duo strikes one of the largest Bitcoin mining deals...
Jack Dorsey’s Block to supply 3nm mining ASICs to Core Scientific
10.7.2024
Block has secured its first sale of newly developed mining chips, co-designed with ePIC Blockchain Technologies and Core Scientific’s collaboration