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Core Scientific plans a 1.5GW AI data center in Texas, repurposing 300MW of Bitcoin mining capacity for high-density computing.
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Riot Platforms sent 500 BTC to NYDIG as major Bitcoin miners keep selling reserves after the latest halving.
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Core Scientific is moving to secure $3.3 billion in fresh debt as it scales data center capacity beyond bitcoin mining. According to a Tuesday disclosure from Core Scientific, the company plans to issue senior secured notes due in 2031, backed…
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CoreWeave, a Nasdaq-listed artificial intelligence and cloud solutions provider, has announced its acquisition of Core Scientific, a top cryptocurrency mining data center, in a deal worth approximately $9 billion. The CoreWeave team revealed in a press release on July 7,…
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Last year’s $1 billion offer was a non-starter. Now, with AI demand surging and Bitcoin mining margins tightening, CoreWeave has circled back and is reportedly in new talks to acquire Core Scientific. On June 26, the Wall Street Journal reported…
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Microsoft pulled contractual commitments tied to Core Scientific’s AI partner, rattling investor confidence though the tech titan remains a major revenue stream.
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News
Core Scientific names former Morgan Stanley banker as new CFO after bankruptcy exit. Bitcoin (BTC) mining giant Core Scientific has appointed former investment banker Jim Nygaard as its new chief financial officer following the company’s emergence from Chapter 11 bankruptcy.…
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News
Core Scientific has announced a $1.2 billion expansion of its Denton, Texas, data center in partnership with artificial intelligence-focused cloud provider CoreWeave. According to Core Scientific’s Feb. 26 press release, the agreement adds 70 megawatts of contracted power, bringing the…
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News
Bitcoin miner Core Scientific is offering $400 million in convertible notes due 2029 to repay in full the outstanding loans. The shares of Bitcoin miner Core Scientific (CORZ) plunged as much as 10% on Aug. 14, after the company announced…
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Core Scientific, having sidestepped bankruptcy, remains optimistic about its business future despite a 4.4% decline in production in July. Crypto mining company Core Scientific says the future of its Bitcoin (BTC) mining business is “bright” as it migrates miners to…
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Markets
Bitcoin mining stocks continued their recovery as Bitcoin continued rising during the weekend.
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News
Darin Feinstein, the founder of Bitcoin miner and digital asset infrastructure firm Core Scientific, is bullish on Bitcoin. According to Feinstein, the Bitcoin ecosystem has witnessed massive growth and adoption since the chaotic early days. More than that, he sees…
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News
Core Scientific Inc., a significant player in the Bitcoin (BTC) mining industry, has rejected CoreWeave's acquisition bid.
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Crypto mining firm Core Scientific has signed a 12-year deal with cloud provider CoreWeave to provide resources for training artificial intelligence. Bitcoin miners are now diversifying their portfolios by branching into areas tied to artificial intelligence (AI), with Core Scientific,…
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News
Bitcoin mining giants, including RIOT Platforms and Marathon Digital, experience a production decline in 2024, while CleanSpark stands out with growth. As Bitcoin‘s fourth halving approaches, Bitcoin mining giants are grappling with a decline in production as the market faces…
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Texas-based Bitcoin mining company Core Scientific has resumed trading on the Nasdaq today, following the firm’s restructuring process after declaring bankruptcy in 2022. In a statement issued on Jan. 23, the crypto miner stated that its restructuring plan enabled a…
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