Operational capacity exceeding 500 megawatts (MW) is significant for the following:
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Revenue Potential and Stability
- High-Powered Hosting for AI and HPC: With a capacity of over 500 MW, Core Scientific can offer hosting services to high-demand sectors such as artificial intelligence (AI) and high-performance computing (HPC), beyond cryptocurrency mining. The CoreWeave deal alone utilizes 500 MW for AI and HPC workloads, underscoring the scale of power needed to attract large, stable revenue contracts.
- Revenue Diversification: This capacity allows Core Scientific to host a variety of clients across industries (e.g., tech, finance, biotech), reducing its dependency on cryptocurrency mining. This diversification stabilizes revenue streams, especially when cryptocurrency markets are volatile.
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Competitiveness in a Growing Market
- Demand for Compute Power: The rapid growth of AI and m