Core Scientific

About

Core Scientific is a digital infrastructure company that specializes in Bitcoin mining, AI data centers, high-performance computing, and blockchain hosting. Founded in 2017 and based in the United States, the company has moved beyond being a large-scale crypto mining operator and has grown into a modern AI infrastructure company. Today, Core Scientific works across crypto mining, AI infrastructure, and cloud computing in one system. It is helping build new data centers for AI and next-generation computing. Key Features of Core Scientific: • Expanding AI data centers for GPU-heavy work, machine learning, and large AI apps. • Offers colocation space for businesses to host hardware in secure, high-performance data centers. • Uses a monitoring system to track and improve performance and uptime. • Runs one of North America’s largest Bitcoin mining operations with strong hash power. • Uses smart cooling and design to lower energy use and costs. Core Scientific Milestones: Year Key Achievements 2017–2019 Was launched to build digital asset infrastructure, mainly focused on large-scale data centers with low-cost power. 2021 By 2021, it had grown into a major self-mining and hosting operator. 2022 In January 2022, it went through a SPAC merger and got listed on NASDAQ. 2024 In October 2024, the company finished a 100 MW expansion at its Pecos, Texas, data center. It also got approval to grow the Denton, Texas, site up to 394 MW. Shifted focus toward high-performance computing (HPC) hosting for AI. 2025 Entered a definitive merger agreement to be acquired by CoreWeave. Shareholders rejected the CoreWeave merger, opting to remain independent to capture higher AI valuations.

Team (1)

• Jeff BoothGovernance

Funding

• Debt Financingmorgan stanley50,00,00,00023 Mar 2026

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