Core Scientific (CORZ), a prominent player in the cryptocurrency mining sector, is set to make significant strides in the artificial intelligence (AI) hosting market, according to a recent report from broker Canaccord.
Read MoreCore Scientific (CORZ), a prominent player in the cryptocurrency mining sector, is set to make significant strides in the artificial intelligence (AI) hosting market, according to a recent report from broker Canaccord.
Read MoreThe world of cryptocurrency mining is seeing an interesting shift. Bitcoin miners, the backbone of the Bitcoin network, are increasingly looking beyond just mining Bitcoin. While mining will likely remain a core function, many miners are setting their sights on a new frontier: artificial intelligence (AI) training farms. This foray into AI training stems from several factors.
Read MoreCrypto miners are being forced to restructure their data centers in order to fulfill the demands of the artificial intelligence (AI) industry due to the spike in GPU demand.
Read MoreCore Scientific's latest move involves sealing a substantial $3.5 billion, 12-year deal with CoreWeave, a cloud service provider supported by Nvidia. This partnership signifies a strategic transition for Core Scientific, expanding its focus beyond Bitcoin mining to encompass high-performance computing (HPC) and machine learning.
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