Core Scientific is nearing the completion of its shift from Bitcoin mining to AI colocation, projecting an average annualized revenue run-rate of approximately $1.8 billion once its facilities are fully operational. The company already derives the vast majority of its revenue from colocation and has roughly 1.1 GW of contracted capacity, including major long-term deals with CoreWeave and an AMD-backed neocloud, with management targeting an exit from mining by the end of 2026. Realizing the full $1.8 billion figure depends on bringing remaining capacity online on schedule, particularly the AMD-related deliveries expected in the first half of 2027.
Jessica GonzalesShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.