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Core Scientific Plans to Exit Bitcoin Mining by Year-End, Shifts to AI
(4 hours ago) · 1 source · Summarized by CryptoBipto
Core Scientific has announced it will stop Bitcoin mining operations by the end of the year as its artificial intelligence data center business grows. The company, once one of the largest publicly traded Bitcoin miners, is pivoting its infrastructure toward AI computing services.
WHY IT MATTERS
Bitcoin mining companies use powerful computers and large amounts of electricity to process transactions on the Bitcoin network and earn Bitcoin as a reward.
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SOURCES
- cointelegraph.com
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