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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/22/2026

Core Scientific Seeks $3.3B Bond Sale for AI Data Center Pivot

Former bitcoin miner Core Scientific is pursuing a $3.

Core Scientific Seeks $3.3B Bond Sale for AI Data Center Pivot

What happened: Former bitcoin miner Core Scientific is pursuing a $3.3 billion bond sale to fund its transformation into an AI data center operator. The company is building six facilities under a 12-year lease agreement with CoreWeave, projected to generate approximately $10 billion in revenue over the contract term. This represents one of the largest capital raises in the crypto-adjacent infrastructure space.

Why it matters: Core Scientific's pivot illustrates how crypto infrastructure companies are leveraging existing capabilities for AI opportunities. The massive revenue projections validate the thesis that AI compute demand will drive the next infrastructure investment cycle. Success here could encourage more crypto miners to diversify into AI services, fundamentally reshaping the sector's economics.

Source: CoinDesk