Core Scientific reports 440 megawatts of AI capacity ahead of schedule

Core Scientific is billing customers for nearly 440 megawatts of AI computing capacity, beating its own delivery timeline. For a company that emerged from bankruptcy in early 2024 as a Bitcoin miner, that’s a remarkable second act. The NASDAQ-listed company (ticker: CORZ) has been steadily transforming itself from a crypto mining operation into a high-density colocation provider for artificial intelligence and high-performance computing workloads. Getting 440 MW online and generating revenue ahead of schedule suggests the operational side of that transformation is working. From mining rigs to GPU racks Core Scientific’s pivot wasn’t subtle. The company recognized that its existing power infrastructure, originally built to run thousands of Bitcoin mining machines, could be repurposed for something potentially more lucrative: housing the GPU clusters that AI companies desperately need. The math is straightforward. Bitcoin miners need cheap power and cooling. AI data centers need cheap power and cooling. The real estate and electrical infrastructure overlap significantly, which gives former miners a head start over building from scratch. What makes the 440 MW milestone notable isn’t j...