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Core Scientific is targeting a $25 to $30 billion valuation by expanding its AI data center business. After exiting bankruptcy in January, the company has signed $3.5 billion in deals with CoreWeave. CEO Adam Sullivan stated that the firm is making a significant pivot from Bitcoin mining to building AI data centers, aiming for gigawatt-scale operations. Bernstein analysts believe Core Scientific is uniquely positioned to deliver AI data center scale within three years. The company is also focusing on high-performance computing (HPC) as part of its strategy.
Core Scientific CEO Says AI Deals Could Propel The Firm's Valuation to $30 Billion Core Scientific CEO Adam Sullivan shared in an interview with Bernstein analysts that the Bitcoin miner could grow exponentially over the next few years, driven by its AI data center services.… https://t.co/XuYmC8NrB1
Core Scientific CEO @_Adam_Sullivan1 tells us it's not so simple to pivot from Bitcoin mining to high performance computing https://t.co/COBI8ULjjk
Adam Sullivan, CEO of Core Scientific, on the pivot from bitcoin to HPC Watch Bloomberg Radio LIVE on YouTube WATCH HERE: https://t.co/YfNCrjrkXH https://t.co/Tbm8Gjriod
