Dan Loeb’s Third Point has disclosed an equity position in Core Scientific, adding another institutional name to the growing trade around Bitcoin miners mo...
NewsBTC•NewsBTC Editorial Team31 Aug
Core Scientific has secured over $24 billion in potential AI hosting revenue, but construction costs and rising debt remain key risks.
Core Scientific's rapid AI capacity expansion highlights the growing demand for AI infrastructure, posing challenges in power supply and market competition.
CryptoBriefing•Editorial Team19 Aug
While Riot, Hut 8, and Core Scientific printed strong gains, Bitdeer, Argo, and Canaan are down 20%, 24%, and 71% YTD.
Core Scientific's AMD partnership highlights strategic autonomy and potential growth in AI infrastructure, outweighing the rejected acquisition.
CryptoBriefing•Editorial Team9 Aug
MARA Holdings (MARA) and CleanSpark (CLSK) reported heavy losses on August 6, extending a slump across public Bitcoin (BTC) miners as falling prices triggered large non-cash valuation losses. Both firms leaned on their pivot toward artificial intelligence and data center infrastructure, joining rivals TeraWulf, Core Scientific, and Cipher in betting that compute capacity can offset
BeInCrypto•Kamina Bashir7 Aug
Owning shares in these companies fit into Aschenbrenner’s belief power and data-center capacity will be critical to scaling AI.
The Block•RT Watson30 Jul
Bernstein values Core Scientific's AMD deal at $14B over 15 years, with AMD backstopping a neocloud lease and holding warrants for 30M CORZ shares.
The Block•Naga Avan-Nomayo30 Jul
Core Scientific (NASDAQ: CORZ) has paid $41.9 million to terminate a bitcoin miner contract with Block and its Proto unit, underscoring the data center operator’s accelerating retreat from bitcoin mining toward AI infrastructure. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) […]
Bitcoin.com News•Guest Author30 Jul
The Q2 split favored colocation, although management did not say conversion had become compulsory.
CryptoSlate•Liam 'Akiba' Wright29 Jul
Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.
Protos•Aaron Wise28 Jul
Bitcoin Magazine Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy While the publicly-traded miner's holdings have shrunk overall this year, the company has quickly added more Bitcoin to its balance sheet the past quarter. This post Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Core Scientific's pivot to AI colocation signals a strategic shift, potentially reshaping its market identity and investor expectations.
CryptoBriefing•Editorial Team28 Jul
Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss.
Cointelegraph•Cointelegraph by Sam Bourgi28 Jul
Core Scientific shares fell after the Bitcoin miner agreed to provide AMD with up to 2.5 gigawatts of data center capacity for artificial intelligence deployments starting in 2027. AMD secures up to 2.5 GW from Core Scientific Core Scientific and…
Core Scientific's Bitcoin re-accumulation hints at strategic flexibility amid its AI pivot, impacting investor confidence and market positioning.
CryptoBriefing•Editorial Team28 Jul
Core Scientific's AMD partnership signals a strategic pivot towards AI infrastructure, potentially reshaping its market position and growth trajectory.
CryptoBriefing•Editorial Team28 Jul
Core Scientific and AMD partner on 500 MW of U.S. AI data-center capacity from 2027, scalable to 2.5 GW, with warrants to buy CORZ stock.
The Block•Naga Avan-Nomayo28 Jul
CoinDesk•Francisco Rodrigues28 Jul
Core Scientific's pivot to AI infrastructure signals a strategic shift in tech industry dynamics, potentially reshaping market competition.
CryptoBriefing•Editorial Team28 Jul