Core Scientific to quit Bitcoin mining by year-end as AI business surges
Summary
Core Scientific intends to exit the Bitcoin mining sector by the end of the year. The company is shifting its focus entirely toward data center operations as its artificial intelligence business experiences rapid growth.
The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
Source: Read the full story at Cointelegraph.com News
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