Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

In recent developments, core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source. Looking closer, market participants…

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

In recent developments, core Scientific (NASDAQ: CORZ) is expanding its Oklahoma footprint through a $421 million acquisition of a neighboring bitcoin mining operation, as the company races to assemble gigawatt-scale…

Core Scientific Plans $3.3 Billion Debt Raise to Accelerate AI Pivot

In recent developments, core Scientific is seeking to raise $3.3 billion through a debt offering as it pivots toward AI-focused data centers. The move underscores a broader shift away from…

Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bit…

In recent developments, core Scientific, a Bitcoin miner turned data center operator, said that it plans to offer $3.3 billion worth of speculative-grade debt. Looking closer, market participants highlight key…

JPMorgan Adds $500M to Core Scientific Financing, Total Hits $1B

In recent developments, core Scientific disclosed that it has expanded its credit facility to $1 billion after securing an additional $500 million commitment from JPMorgan, strengthening its push into data…