Work Here?
About Core Scientific
Industries
Crypto & Web3
AI & Machine Learning
Company Size
201-500
Company Stage
IPO
Total Funding
$75.9M
Headquarters
Austin, Texas
Founded
2017
Overview
Core Scientific focuses on bitcoin mining and digital infrastructure, providing hosting solutions and developing infrastructure for digital applications. The company uses specialized computers called Application Specific Integrated Circuits (ASICs) to solve cryptographic algorithms that validate Bitcoin transactions. It serves a diverse clientele, including individual miners and institutional investors, by mining bitcoin and offering hosting services. Core Scientific distinguishes itself by quickly deploying optimized infrastructure, aiming to support the growth of blockchain technology and digital assets.
Simplify's Take
What believers are saying
- Core Scientific's $6.1 billion Denton hub targets AI market growth and demand.
- The $550M zero-interest notes offering strengthens financial position for growth.
- Investment in Alabama and Denton facilities scales infrastructure for high-performance computing.
What critics are saying
- Competition from AI-focused data centers may impact Core Scientific's market share.
- Shift to AI workloads requires significant investment in new technology and expertise.
- High energy costs in cryptocurrency mining could affect profitability if unmanaged.
What makes Core Scientific unique
- Core Scientific is a leader in North American bitcoin mining and digital infrastructure.
- The company specializes in ASIC-powered infrastructure for blockchain and AI computing.
- Core Scientific offers in-house management solutions combining hosting with data analytics.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$75.9M
Above
Industry Average
Funded Over
7 Rounds
Benefits
Health Insurance
Paid Sick Leave
Paid Holidays
Disability Insurance
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↓ -10%Core Scientific announces $400M investment in Alabama HPC facility.
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for high-performance computing and digital asset mining, today announced the appointment of Scott Brueggeman as Chief Marketing Officer.
Core Scientific to spend $635 Million to occupy 478,685 square feet of space in Denton Texas. Core Scientific to spend $635 Million to occupy 478,685 square feet of space in Denton Texas.Denton, Texas — According to state and local development sources, Core Scientific plans to invest $635,000,000.00 to build out 478,685 square feet of new space in Denton. The company plans to occupy the new space at 8171 Jim Christal Road in Denton, on or about January 1, 2026. According to the company website Infrastructure to Power the Worlds New Financial System. A leader in high-performance, net carbon-neutral blockchain infrastructure, and software solutions. Purpose-built development and operation of carbon-neutral infrastructure for blockchain and AI computing
Bitcoin mining firm Core Scientific announces expanded $550M convertible notes offering with zero interest through 2031, strengthening its financial position for operations & growth.
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing.
Core Scientific is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Core Scientific
Industries
Crypto & Web3
AI & Machine Learning
Company Size
201-500
Company Stage
IPO
Total Funding
$75.9M
Headquarters
Austin, Texas
Founded
2017
Core Scientific is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today