Core Scientific
Company type | Public |
|---|---|
| Nasdaq: CORZ | |
| Industry | Cloud computing |
| Founded | 2017; 9 years ago (2017) (as Atlantic Crypto) in Seattle |
| Founders |
|
| Headquarters | , United States |
Key people | Adam Sullivan (CEO) |
| Services | Access to high-performance computing centers, cloud computing, AI infrastructure, Bitcoin mining |
| Revenue | Increase US319ドル million (2025) |
Number of employees | 325 (2025) |
| Website | www.corescientific.com |
Core Scientific, Inc. is a US-based company with its registered office in Dover, Delaware. Core Scientific operates data centers. Originally active in bitcoin mining, the company has shifted its focus to building GPU cloud and colocation offerings for large customers' AI applications.[1]
Core Scientific has been listed on the US technology exchange Nasdaq since its IPO in January 2022.
History
[edit ]Core Scientific was founded in Seattle in 2017, but later relocated its operational headquarters to Austin. Its founders include B. Kevin Turner, former COO of Microsoft. The company initially specialized in Bitcoin mining using renewable energy and digital asset infrastructure.[2] [3]
In 2021, Core Scientific announced plans to go public via a SPAC merger with Power & Digital Infrastructure Acquisition Corp.[3] The IPO was completed in January 2022, with a valuation of over 4ドル billion at the time of listing, raising 190ドル million for Core Scientific.[4]
However, at the end of 2022, Core Scientific filed for bankruptcy under Chapter 11 following a sharp drop in Bitcoin prices and high debt levels. Operations continued during the proceedings.[5] [6] In January 2024, the company emerged from bankruptcy after undergoing extensive restructuring and reorganization.[7]
Since 2024, the company has been increasingly focusing on high-performance computing (HPC) for artificial intelligence. In 2025, contracts worth US10ドル billion were signed for the operation of data centers.[8]
In July 2025, CoreWeave announced its intention to acquire Core Scientific in a deal worth US9ドル billion.[9] [10]
In March 2026, it was announced that Core Scientific had sold approximately 175ドル million worth of Bitcoin holdings to accelerate the expansion of its AI infrastructure. Bitcoin mining, on the other hand, is to be discontinued.[11] In addition to selling its Bitcoin holdings, the company also took out a billion-dollar loan to build new data centers in several US states.[12] [13]
Core Scientific currently operates 10 data centers (as of March 2026) spread across seven US states.[14]
References
[edit ]- ^ "Core Scientific pivots to high-density colocation amid restatements". The Globe and Mail. Retrieved 2026年03月07日.
- ^ MacKenzie Sigalos (2021年05月19日). "Former Microsoft executive Kevin Turner resigns as CEO of crypto mining company Core Scientific" . Retrieved 2026年03月06日.
- ^ a b Taylor Soper (2021年07月21日). "Core Scientific, which started in Seattle but moved HQ to Austin, to go public at a 4ドル.3B valuation". GeekWire. Retrieved 2026年03月06日.
- ^ "Core Scientific to Begin Trading on Nasdaq". 2022年01月20日. Retrieved 2026年03月06日.
- ^ Reuters (2022年12月21日). "Krypto-Miner Core Scientific schlüpft unter Gläubigerschutz". www.handelsblatt.com (in German). Retrieved 2026年03月07日.
{{cite web}}:|last=has generic name (help) - ^ "Core Scientific files for bankruptcy as crypto winter bites". Reuters. Archived from the original on 2023年01月30日. Retrieved 2026年03月07日.
- ^ "Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position". 2024年01月23日. Retrieved 2026年03月06日.
- ^ Core Scientific's 10ドル Billion AI Shift Unlocks Triple-Digit Upside NASDAQ
- ^ Novet, MacKenzie Sigalos,Jordan (2025年07月07日). "CoreWeave to acquire Core Scientific in 9ドル billion all-stock deal". CNBC. Retrieved 2026年03月07日.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "The merger that is setting a benchmark for AI". www.ft.com. Retrieved 2026年03月07日.
- ^ "CORZ sells 175ドル million in BTC in January as AI pivot accelerates". www.coindesk.com. Retrieved 2026年03月07日.
- ^ IT-Boltwise (2026年03月05日). "Core Scientific sichert sich Milliardenkredit für KI- und HPC-Infrastruktur". IT BOLTWISE® x Artificial Intelligence (in German). Retrieved 2026年03月06日.
- ^ "Bitcoin Miner Core Scientific Bets on AI Boom With 1ドル Billion Backing From Morgan Stanley". Financial and Business News | Finance Magnates. 2026年03月05日. Retrieved 2026年03月07日.
- ^ "Company Info". 2026. Retrieved 2026年03月06日.