Mining firm Core Scientific is planning to achieve a valuation of 25 billion to 30 billion US dollars with a new AI data center contract.

$Core Scientific CEO Adam Sullivan stated in an interview with research and brokerage firm Bernstein that Bitcoin miners could achieve 'exponential' growth in the coming years through its artificial intelligence data center services. This depends on whether the company can prove its ability to deliver gigawatt-level artificial intelligence data centers to customers beyond its initial client CoreWeave. Sullivan said: 'Signing deals for another 500MW or 1GW in the coming years would not only place us as a $2.5 billion company, but potentially elevate us to a $25 to $30 billion company.' (The Block)