[Core Scientific plans to achieve a valuation of $25 billion to $30 billion with new AI data center contracts] Golden Finance reported that Core Scientific CEO Sullivan said in an interview with analysts that Bitcoin miners can achieve exponential growth through its artificial intelligence data center services in the next few years. However, this depends on whether the company can prove its ability to deliver gigawatt-level artificial intelligence data centers to customers other than its initial customer CoreWeave. Sullivan said, "Signing another 500MW or 1GW of contract deals in the next few years will make us no longer a $2.5 billion company, but potentially a $25 billion to $30 billion company." Former investment banker Sullivan joined the company in April 2023, when the company was four months into Chapter 11 bankruptcy proceedings, after Bitcoin prices plummeted in the 2022 bear market, when energy prices soared.

#BTC #AI