Core Scientific CEO Sullivan said in an interview with analysts that bitcoin miners can achieve exponential growth in the coming years through its artificial intelligence data center services.
However, it depends on whether the company can demonstrate its ability to deliver gigawatt-scale artificial intelligence data centers to customers other than its original customer, CoreWeave. Sullivan said, "Another 500MW or 1GW contract deal over the next few years will make us no longer a $2.50 billion company, but potentially a $25 billion to $30 billion company." Sullivan, a former investment banker, joined the company in April 2023, four months into Chapter 11 bankruptcy proceedings, after bitcoin prices plunged in the 2022 bear market while energy prices soared.
Core Scientific to achieve $25 billion to $30 billion valuation with new AI data center contract
2024-09-10 11:28:43
Core scientific chief executive officer sullivan acceptance analyst interviewdesk3cryptocurrencydesktopCrypto News
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