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📰 【Core Scientific plans to raise $3.3 billion in debt to accelerate its transition to Artificial Intelligence】
Core Scientific plans to raise $3.3 billion by issuing bonds to transform into an AI data center. This move marks the company’s full shift from Bitcoin mining operations. Key takeaways: Core Scientific plans to raise $3.3 billion to build 2...
Take a look at $CORZ—this company really has “transformation” down to a science. When the mining rigs shut down and the AI hat goes on, its valuation immediately multiplies by several times. Retail investors are still researching compute power, while they’ve already learned how to tell the kind of story Wall Street loves most. These days, mining coins isn’t as good as telling stories—hard currency is a PowerPoint deck. 👇👇👇👇👇