Core Scientific, once a major player in Bitcoin mining, is expected to stop mining Bitcoin by the end of this year.
The move comes as the company's AI business is growing rapidly. Currently, mining accounts for just 7.5% of Core Scientific's total quarterly revenue.
The company plans to transition fully into a data center provider by 2027.
#CoreScientific #BitcoinMining #AI
Source: Cointelegraph
The move comes as the company's AI business is growing rapidly. Currently, mining accounts for just 7.5% of Core Scientific's total quarterly revenue.
The company plans to transition fully into a data center provider by 2027.
#CoreScientific #BitcoinMining #AI
Source: Cointelegraph