Core Scientific Unveils $1.2B AI & Mining Hub After Reporting Q4 Losses

TL;DR Q4 Setback, Bold Expansion: Despite a $265 million Q4 loss driven by non-cash adjustments, Core Scientific announces a $1.2 billion expansion of its data center operations. Strategic AI & HPC Focus: The new Denton, Texas facility, in collaboration with CoreWeave, is poised to become one of North America’s largest GPU supercomputers. Diversification from Bitcoin ... source: https://crypto-economy.com/core-scientific-unveils-1-2b-ai-mining-hub-after-reporting-q4-losses/