Core Scientific (CORZ) is making significant strides in the high-performance computing (HPC) industry, signing contracts for 385MW of HPC co-location capacity.
New 385MW Contracts
Core Scientific has signed contracts to provide 385MW of capacity for high-performance computing server co-location. These contracts are expected to generate more than $500 million in annual revenue.
Diversification of Revenue
By focusing on high-performance computing, Core Scientific is diversifying its revenue streams beyond traditional Bitcoin mining. The growing complexity and demand for computational power from sectors like AI, machine learning, and data analytics are offering new opportunities for the company.
Future Plans
By 2025, Core Scientific plans to have its 100MW+ HPC site operational, which will further strengthen its market position and enable it to capitalize on the booming demand for HPC services.
These moves consolidate Core Scientific's status as a key player in the integration of mining and high-performance computing, while expanding its capabilities in a rapidly evolving industry.
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