Core Scientific

IREN, Core Scientific, and other companies surged as the Aschenbrenner fund reportedly liquidates a $1 billion AI infrastructure portfolio. The fund's belief in the importance of power and data-center capacity for scaling AI underpins its investment strategy.

Bernstein estimates Core Scientific's partnership with AMD could generate $14 billion over 15 years. AMD is backing a neocloud lease and holds warrants for 30 million CORZ shares.

Core Scientific increased its Bitcoin holdings to 848 coins (worth over $54 million) in Q2 2025 by adding 301 coins through mining, despite previously selling Bitcoin to fund a transition to AI and high-powered computing. The company also signed a deal with AMD for 2.5 gigawatts of data center capacity and reported a significant rise in Q2 revenue and gross profit.

Core Scientific's Q2 revenue doubled, driven by AI colocation becoming its largest business. However, a non-cash accounting charge led to a $1.15 billion net loss.

Core Scientific and AMD partner on 500 MW of U.S. AI data-center capacity starting in 2027, scalable to 2.5 GW, with warrants to buy CORZ stock.

Core Scientific has secured an AI deal with AMD as it reduces its bitcoin mining activities. The company is transitioning from cryptocurrency mining to artificial intelligence infrastructure.

Bernstein Research highlights that Core Scientific's 75% return on its AI deal is an outlier compared to TeraWulf's 5% and Cipher's 4% stabilized return on assets (ROA), attributing Core's performance to capital expenditure advantages.

JPMorgan analysts state Bitcoin has traded below its estimated $78,000 production cost for five consecutive months, causing roughly 20% of miners to operate unprofitably. Publicly listed miners sold a record 32,000 bitcoin in Q1 2026 to fund operations, with mining difficulty and hashrate showing heightened sensitivity to price declines.

Bernstein predicts bitcoin miners will benefit from $90 billion in AI data center deals, giving Outperform ratings to several companies. This investment is expected to boost the performance of these miners. The deal involves multiple major players in the industry.

Core Scientific posted a $347M loss as its AI hosting business overtook Bitcoin mining, with BTC mining down 45% from last year. The company's colocation business became its top revenue source, with 279 BTC mined in the quarter. This shift marks a significant change in Core Scientific's operations.

Core Scientific sold $208 million of bitcoin in Q1, indicating a significant shift in their financial strategy as they continue to pivot towards AI. This move may have implications for the company's future investments and revenue streams. Core Scientific's decision to sell a substantial amount of bitcoin suggests a potential decrease in their holdings.

Core Scientific reported higher Q1 revenue and gross profit but swung to a net loss due to impairment charges. The company's performance was affected despite increased revenue. Core Scientific's Q1 results reflect a challenging period for the bitcoin miner.

Core Scientific is acquiring bitcoin miner Polaris in a $421 million deal to expand its Oklahoma AI data center campus. Polaris has a 40-acre campus with 40 megawatts of contracted power through Oklahoma Gas & Electric. The acquisition aims to expand Core Scientific's operations.

Core Scientific, a Bitcoin mining company, is transforming its Pecos, Texas facility into a high-density AI colocation hub. The project involves repurposing 300MW of mining capacity into a 1.5GW data center to support AI workloads.

Core Scientific is transitioning a 300-megawatt bitcoin mining operation in Pecos, Texas, to a 1.5 gigawatt AI datacenter campus. The move aligns the company with the growing trend of repurposing crypto infrastructure for artificial intelligence projects.

Core Scientific, a Bitcoin miner transitioning to a data center operator, plans to sell $3.3 billion in speculative-grade debt to further pivot toward AI. The company aims to shift focus from cryptocurrency mining to artificial intelligence infrastructure.

Core Scientific is seeking to raise $3.3 billion through a bond sale to accelerate its transition into AI data centers. The funding aims to support the company's strategic pivot toward artificial intelligence infrastructure.

Core Scientific is raising $3.3 billion through debt to refinance short-term obligations and expand its U.S. infrastructure, capitalizing on the industry's shift toward AI and high-performance computing.

Core Scientific is planning a $3.3 billion private notes offering, with part of the proceeds intended to repay credit facility loans. The move aims to address existing debt obligations through new financing.