Big news for Core Scientific, a company that helps create Bitcoin! They just announced a huge plan to build a super-powerful data center. This center will be used not just for Bitcoin, but also for Artificial Intelligence (AI), which is like a super-smart computer brain.
- Core Scientific lost money last year, but they're making a big change.
- They're teaming up with another company to build a giant data center in Texas.
- This new data center will help power AI and other super-fast computers.
- The project could earn them a lot of money – maybe even over $10 billion!
- The company's stock price went up after the announcement.
| Fact | Number |
|---|---|
| Cost of new data center project | $1.2 billion |
| Core Scientific's Q4 2024 loss | $265 million |
| Potential total revenue with CoreWeave | Over $10 billion |
| Stock price increase (after-hours) | 12.29% |
