News with the tag "Core Scientific"

Core Scientific shares took a hit on Thursday, dropping 15% in pre-market trading. The decline occurred after reports surfaced that Microsoft had scaled back some of its agreements with CoreWeave. The news comes as CoreWeave, a cloud computing provider for artificial intelligence (AI), prepares for ...

Microsoft pulled contractual commitments tied to Core Scientific’s AI partner, rattling investor confidence, though the tech giant remains a major revenue source. Bitcoin ( BTC ) miner Core Scientific saw its share price drop 10% on March 5 after Microsoft downsized contracts with CoreWeave, one of ...

Shares of bitcoin (BTC) miner Core Scientific (CORZ) were down 15% in pre-market on Thursday after reports that Microsoft (MSFT) has pulled back from some agreements with soon to listed cloud computing firm CoreWeave . Last month, Core Scientific said it was planning a $1.2 billion data center expan...

Hold onto your hats, crypto enthusiasts! The latest financial report from Bitcoin mining heavyweight Core Scientific has just dropped, and it’s a real eye-opener. Brace yourselves for a headline figure that might make you do a double-take: a whopping $265 million net loss reported for the fourth qua...

Bitcoin mining giant Core Scientific is making a bold move into the artificial intelligence sector with a $1.2 billion data center expansion in Texas. The company announced its partnership with AI startup CoreWeave alongside its fourth-quarter 2024 earnings report , which revealed a net loss of $265...

Bitcoin mining company Core Scientific has revealed plans for a $1.2 billion data center expansion in partnership with artificial intelligence startup CoreWeave. The announcement follows the company’s fourth-quarter 2024 earnings report , which disclosed a net loss of $265.5 million. On February 26,...

Core Scientific has announced a $1.2 billion expansion of its Denton, Texas, data center in partnership with artificial intelligence-focused cloud provider CoreWeave. According to Core Scientific’s Feb. 26 press release , the agreement adds 70 megawatts of contracted power, bringing the site’s total...

Core Scientific (CORZ) stock surged more than 11% after-market on Wednesday after the data center and bitcoin mining company said it was planning a $1.2 billion expansion of a data center in Denton, Texas, with CoreWeave, to support artificial intelligence (AI) and high-performance cloud computing (...

Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public ...

Bernstein, a research and brokerage firm, is still positive about Bitcoin mining company Core Scientific, even after a 30% share drop. The research firm believes Core Scientific is the best AI-focused Bitcoin miner in the market. Core Scientific leads in Bitcoin mining and artificial intelligence, a...