Core Scientific Secures $3.3B for AI Data Center Pivot

Core Scientific is raising $3.3 billion through junk bonds to fund a major strategic pivot. The company plans to shift its operations from Bitcoin mining to developing AI data centers. This move is backed by a 12-year deal with CoreWeave, which is projected to generate $10 billion in revenue.

Detected & updated continuously · Source: Ruma

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Bitcoin (btc)CoreWeave (CRWV)@Core_Scientific