Core Scientific dumps bitcoin to fund AI shift
Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for...
Tag : Scientific
Core Scientific shares slip as Q1 loss offsets revenue growth
Core Scientific reported $115.2 million in first-quarter revenue, up from $79.5 million a year earlier. Summary Core Scientific revenue rose to $115.2 million, driven mainly...
Core Scientific plans $3.3B debt raise to fund AI data center push
Core Scientific is seeking to raise $3.3 billion in debt to support its expanding data center operations across the United States, as crypto miners increasingly...
Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bitcoin Mining to AI
In brief Core Scientific, which mines Bitcoin, said it would offer $3.3 billion worth of speculative-grade debt to capitalize on the AI boom. The firm...