Core Scientific's Q2 results show a -56% gross margin in self-mining ($21.5M revenue, $33.7M cost) vs. 59% margin in high-density colocation ($136.7M revenue, $80M gross profit), prompting strategic shift towards AI computing conversions.
Core Scientific, AMD ile 15 yıllık bir yapay zeka altyapı anlaşması yaptı. Şirket, 529 MW kapasite sağlayacak ve sözleşmeden 14 milyar dolar sabit gelir elde edecek.
Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.
Core Scientific is transforming its Pecos, Texas, site into a 1.5 GW AI-focused data center, repurposing 300 MW of mining capacity. The move reflects a broader industry trend among Bitcoin miners pivoting toward AI infrastructure to diversify revenue streams.
Core Scientific, a Bitcoin miner turned data center operator, said that it plans to offer $3.3 billion worth of speculative-grade debt.
Core Scientific is raising $3.3 billion through senior secured notes due 2031 to fund data center expansion across Georgia, Texas, North Carolina and Oklahoma, and to refinance existing short-term debt. The debt offering allows capital access without shareholder dilution. The move follows a $1 billion credit agreement with Morgan Stanley in March as crypto miners increasingly pivot toward high-performance computing and AI workloads.
