# Core Scientific

> Core Scientific designs, builds and operates power-dense U.S. data centers. Born in the Bitcoin mining boom, the public company is converting much of that electrical and real-estate footprint into long-term colocation capacity for AI and high-performance computing customers, while retaining a shrinking mining operation. Its edge is not a proprietary model or chip but a scarce bundle of contracted power, build expertise, cooling and sites that can accept racks drawing far more electricity than conventional enterprise servers.

- **Founded:** 2017
- **Headquarters:** Austin, United States
- **Founders:** Darin Feinstein (Co-founder of Legacy Core), Mike Levitt (Co-founder and former CEO)
- **Team size:** Approximately 325 employees at year-end 2025
- **Products:** High-density colocation, Data-center design and deployment, Managed infrastructure operations, Digital asset self-mining, Digital asset hosted mining
- **Notable:** Built or leased ten data centers across seven U.S. states with about 1.4 GW of gross utility power capacity at year-end 2025., Emerged from Chapter 11 in January 2024 after reducing debt by approximately $400 million., Delivered its first 16 MW CoreWeave colocation deployment more than 30 days ahead of schedule in 2024.

## Products & services

- **High-density colocation** — Single-tenant, purpose-built environments beginning at roughly 30 MW, designed for AI, cloud and other power-intensive workloads with high-capacity fiber, backup power and direct liquid cooling options.
- **Data-center design and deployment** — Site selection, powered-shell design, construction, rack and hardware installation, network planning and delivery for dense compute deployments.
- **Managed infrastructure operations** — 24/7 network operations, physical security, monitoring, maintenance, power management and technical support for customer equipment.
- **Digital asset self-mining** — Operation of company-owned specialized computers that earn Bitcoin for Core Scientific's own account; this business is being reduced as sites convert to colocation.
- **Digital asset hosted mining** — Power, deployment, monitoring, troubleshooting, optimization and maintenance for customer-owned mining equipment; now a smaller part of the business.

## Achievements

- Built or leased ten data centers across seven U.S. states with about 1.4 GW of gross utility power capacity at year-end 2025.
- Emerged from Chapter 11 in January 2024 after reducing debt by approximately $400 million.
- Delivered its first 16 MW CoreWeave colocation deployment more than 30 days ahead of schedule in 2024.
- Reached 437 MW of billable customer power by mid-July 2026, representing about $635 million in average annualized colocation GAAP revenue.
- Signed leased customer power capacity of roughly 1.1 GW by Q2 2026, representing more than $24 billion of potential contracted revenue.
- Signed an AMD infrastructure partnership with more than 500 MW planned from 2027 and potential expansion up to 2.5 GW.
- Mined more Bitcoin than any other publicly traded North American company in each year from 2021 through 2023, according to company disclosures.

## Latest updates

- **2026-07** — Reported Q2 revenue of $164.2 million, including $136.7 million from colocation, and said 437 MW was billing by mid-July.
- **2026-07** — Announced an AMD infrastructure partnership anchored by approximately 530 MW across five sites and more than $14 billion of potential base contracted revenue, with expansion rights up to 2.5 GW.
- **2026-05** — Outlined a plan to scale the Muskogee, Oklahoma campus to approximately 1.5 GW of gross power, including an agreement to acquire Polaris DS.
- **2026-04** — Priced $3.3 billion of senior secured notes to finance its data-center expansion.
- **2026-03** — Expanded a J.P. Morgan strategic financing facility to $1 billion and separately announced up to $1 billion of financing with Morgan Stanley.
- **2026-03** — Became the official data-center partner of Cadillac Formula 1 Team.
- **2025-10** — Terminated the proposed CoreWeave merger after Core Scientific shareholders did not approve the transaction.

## Links

- Website: https://corescientific.com/
- LinkedIn: https://www.linkedin.com/company/corescientific/
- Twitter/X: https://twitter.com/core_scientific
- YouTube: https://www.youtube.com/@Core_Scientific
- Facebook: https://facebook.com/corescientificUSA/

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Profile page: https://yespress.io/core-scientific
Published by YesPress — https://yespress.io
Last updated: 2026-08-14