The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years. Core Scientific (CORZ) reported a $347.2 million Q1 loss. It sold $208.3 million in BTC and closed a $3.3 billion note offering to fund its shift to AI data center operations. Colocation revenue for AI data centers surged to $77.5 million, becoming the largest business line. Meanwhile, crypto mining revenue dropped significantly to $30.1 million. The firm's A…
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