Core Scientific Seeks $3.3B As It Shifts From Bitcoin Mining To AI Data Centers

Bitcoinist04-23 16:00

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Core Scientific has announced that it’s looking to raise $3.3 billion through senior secured notes ...

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Ad Disclosure\n\nCore Scientific has announced that it’s looking to raise $3.3 billion through senior secured notes ...</p>\n\n<a href=\"https://bitcoinist.com/core-scientific-3-3b-bitcoin-mining-ai-data-centers/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITX","symbol_name":"2倍比特币期货ETF-Volatility Shares","start_time":0,"source_url":"https://bitcoinist.com/core-scientific-3-3b-bitcoin-mining-ai-data-centers/","article_id":"2629478839","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/04/btc_39d8fb.png?resize=350%2C250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/core-scientific-3-3b-bitcoin-mining-ai-data-centers/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629478839","pubTimestamp":1776931253,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"Core Scientific has announced that it's looking to raise $3.3 billion through senior secured notes as it shifts its business...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITX":"2倍比特币期货ETF-Volatility Shares","IBIT":"比特币ETF-iShares","BITO":"比特币期货ETF-ProShares","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"Core Scientific从比特币挖矿转向人工智能数据中心，寻求3.3 B美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":0.6,"BITX":0.6,"BTC":0.6,"BITO":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nCore Scientific has announced that it’s looking to raise $3.3 billion through senior secured notes as it shifts its business away from Bitcoin mining.\nCore Scientific Is Transitioning From Bitcoin To AI Data Centers\nAccording to a press release, Core Scientific’s finance subsidiary is planning to offer $3.3 billion in senior secured notes in a private offering to institutional investors. Originally a Bitcoin miner, Core Scientific has been making a push into the high-density colocation (HDC) business, offering data centers to AI companies.\n\n\n\n\n\n\nRelated Reading: Bitcoin Now Over Halfway To Next Halving—How Many Blocks Are Left?\nIn March, the firm revealed that it sold $175 million in BTC and that it planned to monetize on its remaining Bitcoin holdings as well. Core Scientific also announced that it’s no longer anticipating entering into large-scale BTC mining purchase agreements, further indicating its shift away from the space.\nThe company currently operates ten facilities across the United States. Not all of them are part of Core Scientific’s HDC infrastructure, but the firm is in the process of repurposing the non-HDC facilities. Once the shift is finished, Core will have essentially exited the digital mining industry.\nAs of the end of 2025, the company’s Bitcoin mining computing power (known as Hashrate) amounts to 17.90 EH/s, making it the ninth largest public miner.\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe top 10 BTC mining companies based on Hashrate | Source: BitcoinMiningStock\nThough given the pivot that Core Scientific has been making, it’s possible that it has further decommissioned its Hashrate in these first few months of 2026, so its real ranking could be lower.\n\n\n\n\n\n\n\n\n\n\n\n\nCore isn’t the only Bitcoin mining company that has been pivoting to the AI and high-performance computing (HPC) business. In fact, many of the big miners have announced a push into the space to some degree.\nAs reported by Bitcoinist, Capriole Investments founder Charles Edwards has estimated that BTC mining revenue for the major public miners will drop from a share of 90% to just 30% within the next 2-3 years, with AI making up for the majority of the income for these firms.\nBitcoin miners are making the move toward AI as they believe it could be more lucrative than digital asset mining. The CEO of Bitfarms, another company in the process of winding down its BTC mining business, provided a look into just how transformative the firm believes AI could be for its revenue, noting:\nDespite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining.\nRelated Reading: Strategy Acquires 34,164 BTC In Largest Bitcoin Buy Since November 2024\nSince October 2025, the global Bitcoin mining Hashrate has observed a drawdown, but given that the drop has been of just 11%, it’s likely that the cause behind the miner pullback has been the decline in BTC’s price, rather than a migration from miners to the AI industry.\n\nThe trend in the 7-day average value of the BTC Hashrate over the past year | Source: Blockchain.com\nBTC Price\nAt the time of writing, Bitcoin is trading around $78,100, up more than 5% over the past week.\n\nLooks like the price of the coin has been climbing in recent days | Source: BTCUSDT on TradingView\nFeatured image from Dall-E, chart from TradingView.com\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629478839","isCrawlerRequest":true}