Core Scientific finds a balance in bitcoin mining and AI: CEO [Yahoo! Finance Canada]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance Canada
Core Scientific ( CORZ ) CEO and president Adam Sullivan joins Madison Mills on Catalysts to talk about how the company is balancing its resources to facilitate crypto mining and AI data centers. "We were the largest bitcoin mining company for the past three years, and that's really driven by the fact that we had to bring in traditional data center people to actually run the business. That's really been our differentiator," Sullivan tells Yahoo Finance. The CEO says, "We think of ourselves as a digital infrastructure company, whether it's building data centers for bitcoin mining or whether it's building data centers to host hundreds of megawatts of [Nvidia's ( NVDA )] GB200 that you guys were talking about earlier, you know, our core competency is driven through large-scale digital infrastructure." Looking to 2025, the company expects "a relatively equal split" between crypto mining and AI. Sullivan adds, "Our expectation is to continue to grow the data center part of the busin
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CORZ
News
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- Oppenheimer sees 32% upside in Block shares, upgrades to Outperform [Yahoo! Finance]Yahoo! Finance
- Core Scientific, Inc. (NASDAQ: CORZ) had its price target raised by analysts at BTIG Research from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- The Prompt: Microsoft Designs Data Centers That Recycle Water [Forbes]Forbes
CORZ
Earnings
- 11/6/24 - Miss
CORZ
Sec Filings
- 12/16/24 - Form 4
- 12/9/24 - Form 4
- 12/6/24 - Form 424B3
- CORZ's page on the SEC website