Core Scientific

Core Scientific is a North American digital asset mining company that provides infrastructure, software, and services for cryptocurrency mining. Founded in 2017 and headquartered in Austin, Texas, the company operates data centers across various locations, including Kentucky, North Carolina, Georgia, Oklahoma, and Texas. Its primary business segments include equipment sales and hosting services for other miners, in addition to mining for its own business account.

Core Scientific has been a significant player in the Bitcoin mining industry, known for its large-scale operations and substantial hash rate. As of 2025, the company has mined more Bitcoin than any other publicly listed miner in North America. The firm has shifted some of its focus to high-performance computing (HPC) and AI data center services, particularly through its partnership with CoreWeave, an AI hyperscaler. This collaboration includes a 12-year deal to provide 590 megawatts (MW) of power capacity for AI cloud operations, with projected revenue reaching $10.2 billion over the contract term.

The company has faced financial challenges in the past, including a Chapter 11 bankruptcy filing in December 2022 due to a massive dip in crypto prices and soaring energy costs. However, it successfully exited bankruptcy in January 2024, restructuring its debt and continuing operations. Core Scientific has been actively expanding its services beyond Bitcoin mining to include AI and HPC projects, positioning itself as a leader in the AI strategy space.

Overall, Core Scientific is focused on transforming its infrastructure to support advanced computing workloads while maintaining its core digital asset mining operations.