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fromnews.bitcoin.com
1 day agoCore Scientific Plans $3.3 Billion Debt Raise to Accelerate AI Pivot
Core Scientific is raising $3.3 billion through debt to transition from bitcoin mining to AI-focused data centers.
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fromBusiness Insider
7 months agoWhat a $9 billion takeover battle says about the next frontier in the AI arms race
In the span of less than two years, Core Scientific went from a bankrupt crypto mining company to a $9 billion acquisition target. How? By reinventing itself as an upstart player in the artificial intelligence-driven data center craze. Only now, one of the company's largest shareholders is urging other investors to vote down the deal - arguing that $9 billion isn't nearly enough. While a takeover battle between little-known data center firms might seem like
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