Core Scientific builds and operates specialized digital infrastructure for cryptocurrency mining, primarily bitcoin, and provides hosting services for other miners. It uses ASIC hardware to perform the cryptographic computations that validate bitcoin transactions, earning newly minted bitcoins and service fees. Their offerings include owning and scaling mining facilities and renting out their optimized infrastructure to clients, delivering both mining revenue and hosting income. The company differentiates itself by rapid deployment of scalable, purpose-built facilities and a dual-business model that serves individual miners and institutional clients across North America. The overarching goal is to support the growth of digital assets and blockchain technology by delivering reliable, high-capacity infrastructure for mining and related high-value computing workloads, including AI computing.
Company Size
201-500
Company Stage
IPO
Headquarters
Austin, Texas
Founded
2017
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