Core Scientific’s AI deal fuels $8.7 billion revenue forecast, shares rise

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Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years, following an expansion of its hosting agreement with CoreWeave, according to an Oct. 22 statement. The company confirmed that CoreWeave exercised its final option to secure an additional 120 megawatts (MW) of hosting capacity for its High-Performance Computing […]


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