Core Scientific

ForkLog 109 06.03.2026

Core Scientific Secures $500 Million from Morgan Stanley for AI Transition

Core Scientific secured a $500 million loan from Morgan Stanley. The funds will be used for AI data centers.

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ForkLog 142 04.03.2026

Falling revenues push bitcoin miners to swap crypto treasuries for AI infrastructure

Publicly listed miners are selling crypto reserves en masse and ploughing the proceeds into AI infrastructure.

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ForkLog 162 03.03.2026

Core Scientific to Sell 2,537 BTC

Core Scientific plans to sell its entire holding of 2,537 BTC. The proceeds will fund its AI strategy.

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ForkLog 229 16.01.2026

Riot Platforms Sells 1080 BTC to Expand in AI

Mining company Riot Platforms has acquired an approximately 81-hectare plot for $96 million near its flagship data center in Rockdale, Texas.

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ForkLog 334 01.11.2025

Riot Describes Bitcoin Mining as a Means to an End

Riot Platforms reported a net profit of $104.5 million in the third quarter, with record revenue of $180.2 million.

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ForkLog 95 07.07.2025

CoreWeave to Acquire Bitcoin Miner Core Scientific for $9 Billion

AI hyperscaler CoreWeave has signed a definitive agreement to purchase the American mining company Core Scientific, valuing it at $9 billion. Today is an exciting day for CoreWeave! We just announced an agreement to acquire @Core_Scientific, solidifying our position as the leading AI Cloud Platform—purpose-built to deliver unmatched performance and expertise for the AI era. […]

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ForkLog 15 28.01.2025

Bernstein Highlights Renewed TradFi Interest in Crypto Post-Trump Victory

Investors have acknowledged a resurgence of interest in cryptocurrencies and the need to ramp up activities in this sector following the U.S. presidential election. This is according to a Bernstein report, as reported by The Block. The firm’s clients are still uncertain about what “transformations await the digital asset regulatory regime.” “It’s just the beginning. […]

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ForkLog 23 11.09.2024

Core Scientific Bets on AI Computing for Exponential Growth

The value of Core Scientific could grow “exponentially” over the next few years due to its potential in AI computing. This was stated by the CEO of the mining company, Adam Sullivan, in an interview with Bernstein analysts, as reported by The Block. However, the results will depend on the firm’s ability to expand beyond […]

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ForkLog 88 12.07.2024

Core Scientific and Block’s $300 Million Deal for Bitcoin Mining Chips

The transaction for Core Scientific’s acquisition of 3-nanometer chips for bitcoin mining from Jack Dorsey’s Block is estimated to be around $300 million, according to analysts from Bernstein, as reported by The Block. On July 10, the companies announced a partnership to develop a cryptocurrency mining device based on a chip created by the Proto […]

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ForkLog 24 11.07.2024

Core Scientific to Acquire 3nm Bitcoin Mining Chips from Block

Mining firm Core Scientific will be the first to purchase 3nm chips for bitcoin mining from Jack Dorsey’s Block. The deal’s hash rate context amounts to 15 EH/s. Today, Core Scientific and @blocks announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to […]

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ForkLog 13 17.06.2024

Public Miners’ Market Capitalisation Hits Record $22.8 Billion

On June 15, the market value of 14 US-listed mining companies tracked by JPMorgan reached an all-time high of $22.8 billion, according to CoinDesk. Analysts noted that in the previous two weeks, the stock prices of nearly all companies in the sample outperformed Bitcoin, as investors reacted positively to news of Core Scientific’s (CORZ) deal […]

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ForkLog 25 07.06.2024

Riot Expands Stake in Rival as Core Scientific Rejects $1 Billion Acquisition

Analysts anticipated a wave of consolidations in the mining industry following the halving. Recent activities by major players in the sector have confirmed these forecasts. Core Scientific Rejects $1 Billion Offer from CoreWeave Mining firm Core Scientific rejected a non-binding proposal from AI company CoreWeave to acquire all outstanding shares at $5.75 each, totaling approximately […]

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