US EditionThis Investor Blocked the $9 Billion CoreWeave-Core Scientific Deal. Here's Why He Expects that Bet to Soon Pay Off.
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This investor blocked the $9 billion CoreWeave-Core Scientific deal. Here's why he expects that bet to soon pay off.
Core Scientific was a crypto mining company before repurposing its business to focus on AI.Mustafa Hatipoglu/Anadolu via Getty ImagesA major investor in Core Scientific says the firm will lease 400 megawatts to new clients this year.The deals would demonstrate durable demand for data centers and that AI is in a boom, not a bubble.Amid a 47-gigawatt power gap, more crypto miners are expected to repurpose their operations for AI.The investment man…
Core Scientific Pivots from Bitcoin Mining to AI Hosting, Eyes Billions in Revenue
Core Scientific’s AI Gambit: Betting Big on Data Centers as Crypto Wanes In the fast-evolving world of technology infrastructure, Core Scientific Inc. stands at a pivotal crossroads. Once a heavyweight in bitcoin mining, the company has been aggressively repositioning itself as a key player in artificial intelligence hosting. This shift gained momentum after shareholders rejected a $9 billion takeover bid from CoreWeave last year, a move that no…
The investment manager who helped frustrate one of the biggest data center acquisitions in 2025 believes that his commitment to multimillion dollar purchase is about to bear fruit in the new year.Trip Miller, founder and managing partner of the investment firm Gullane Capital Partners, based in Memphis, believes Core Scientific is about to conclude important agreements with new customers that will boost its value. “I think in the next 90 days th…
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