Coreaven acquires $ 9 billion for Core Scientific Rout

Now, Coreove helps another fully central encoding mining process. On Monday, the company Declare Its plans to acquire Core Scientific, a public trader Bitcoin miner. The acquisition, which Kuruv, was expected to close in the fourth quarter, was a deal from all shares for about 9 billion dollars.

The deal follows months of decades declared between Coreweave and Core Scientific, as the artificial intelligence company pushed Bitcoin mines for an increasingly larger share of its treatment. It comes as bitcoin mining has become less profitable Due to increased competition and low margins.

Amid the tightening sector, other bitcoin mining operations also loaned their data warehouses for artificial intelligence companies, which require large amounts of computing power such as training of large language models. However, the Core Scientific axis emphasizes the increasingly clear road map for Bitcoin workers ’workers: customized warehouses as soon as they are booked for Bitcoin mining servers for AI’s servers. Brett Knobuch, an analyst at Cantor Fitzgerald, said, said Brett Knobuch, an analyst at Cantor Fitzgerald, said, luck, In reference to the hunger of artificial intelligence companies for energy computing.

Bitcoin to artificial intelligence

In their essence, bitcoin miners are data center operators. They build large warehouses to house thousands of computers designed to support the Bitcoin network. Meanwhile, up to 20 % of the global demand for the data center comes from artificial intelligence, According to For modern research in the academic magazine Gul. About 40 % of artificial intelligence databases will reach the energy limits in 2027, Propagate Analysis Company Gartner.

This hunger contains power specialists such as Coreave who are looking to build their computers to calculate the increasing demand. “The only place where you can get energy and size is miners,” Knoblauch said.

Core Scientific is not the only bitcoin that turns into artificial intelligence. In 2023, Hive Blockchain technologies changed its name to digital cell techniques He said She planned to use some of their computers for artificial intelligence. In December, Terawulf to hit Deal with core42. In April, Crypto Galaxy, which has a bitcoin mining section, He said Plan to work with Coreove.

“The overcoming of the HPC account was a major topic among BTC miners with strong power assets.” luck. (HPC refers to high -performance computing, a comprehensive term that includes artificial intelligence.)

The largest data center service providers, including excessive excessive people like Amazonand GoogleAnd Microsoft“I haven’t reached similar deals with the general bitcoin column. He added: “The only person who was very aggressive and eating the ability is Coreweave.”

He said that hyper Easter tends to take over care for their sellers for more than more struggle, such as Coreove. He added that companies such as Google or Amazon may be skeptical about the ability of miners on Bitcoin workers to convert their simpler facilities into more advanced data centers. Now that Coreove, one of the few companies leaving the chances of miners, committed to Core Scientific, it may be difficult for Bitcoin mining to repeat the success of Core Scientific.

Knoblauch is still optimistic that miners, who have built companies to find and use cheap electricity in server warehouses, can still ride a thick -energy artificial intelligence boom. “Miners are relatively unique in that they are experts when it comes to power,” he said. “They have many of them.”