Blockchain and AI-powered infrastructure and software services provider, specializing in digital asset mining and hosting.
Core Scientific, Inc. operates digital asset mining facilities and provides colocation services across North America. The company is a key player in blockchain infrastructure, offering software solutions and a range of services essential to digital currency mining. Core Scientific engages in mining digital assets for its own portfolio while offering hosting services to other large-scale miners, facilitating their operations through its robust datacenter facilities.
The company operates through two main segments: Equipment Sales and Hosting. Core Scientific owns and manages computer equipment dedicated to processing transactions on blockchain networks, earning rewards in digital currencies through mining activities. Additionally, it operates datacenters that provide colocation services, supporting distributed ledger technology applications. Core Scientific also develops blockchain-based platforms and applications, focusing on infrastructure management, security technologies, mining efficiency enhancements, and comprehensive recordkeeping solutions.
Headquartered in Austin, Texas, Core Scientific has positioned itself at the forefront of the digital asset mining industry. However, the company filed for voluntary reorganization under Chapter 11 on December 21, 2022, in the U.S. Bankruptcy Court for the Southern District of Texas, indicating ongoing strategic adjustments amid the evolving landscape of blockchain technologies and digital currency markets.