Deals Counterparts

Core Scientific

company 1 Deal

Core Scientific is a leading blockchain infrastructure provider and the largest publicly traded Bitcoin miner in North America. The company develops and operates high-performance, purpose-built data centers, primarily for Bitcoin mining, focusing on maximizing uptime and energy efficiency. They also offer hosting services for other blockchain and high-performance computing clients, including AI companies.

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Founded 2017
Blockchain Infrastructure ProviderOperatorDeveloperOfftaker

Strategic Overview

  • Focus on developing and operating large-scale, purpose-built data centers for high-density computing.
  • A significant player in Bitcoin mining, actively expanding into hosting services for other high-performance computing applications, including AI.
  • Emphasizes energy efficiency and sustainable power sources in its data center operations.
  • Recently emerged from Chapter 11 bankruptcy, indicating a strengthened financial position and continued operational focus.

Deal Activity from Public Sources

Core Scientific announced a new 200 MW hosting agreement with a leading artificial intelligence company.
Partnership Data Center, High-Performance Computing (HPC)/AI USA June 2024 200 MW
Core Scientific successfully emerged from Chapter 11 bankruptcy.
Restructuring Data Center, Blockchain/Cryptocurrency USA January 2024
Core Scientific announced a new 70 MW hosting agreement with a leading Bitcoin mining company.
Partnership Data Center, Blockchain/Cryptocurrency USA December 2023 70 MW

Investment Focus

Technologies
Data Center1
Geography
United States1

Key People

Adam Sullivan
Chief Executive Officer
Denise Sterling
Chief Financial Officer
Russell Cann
Chief Mining Officer
Todd Duclos
Chief Operating Officer
Matt Ziemba
Chief Legal Officer

Track Record

700
MW Total
7
Years Active
Notable projects: North Carolina Data Centers, Georgia Data Centers, Kentucky Data Centers, Texas Data Centers

Detailed Analysis

Sectors
Digital/TelecomEnergy TransitionUtilities
Technologies
Data CenterBlockchain/CryptocurrencyHigh-Performance Computing (HPC)/AI
Geographies
USANorth America
Deal Stage
OperatingGreenfield
Track Core Scientific