Director, Information Technology
Core ScientificSalary not specified
- Full Time
- Expert & Leadership (9+ years)
About Core Scientific
Core Scientific focuses on bitcoin mining and digital infrastructure, providing hosting solutions and developing infrastructure for high-value digital applications. The company uses specialized computers called Application Specific Integrated Circuits (ASICs) to solve cryptographic algorithms that validate transactions on the Bitcoin Network. Core Scientific differentiates itself by quickly deploying optimized infrastructure, catering to a diverse clientele from individual miners to large institutional investors. Its goal is to support the growth of digital assets and blockchain technology in the North American market.
Austin, TexasHeadquarters
2017Year Founded
$75.9MTotal Funding
IPOCompany Stage
Crypto & Web3, AI & Machine LearningIndustries
201-500Employees
Benefits
Health Insurance
Paid Sick Leave
Paid Holidays
Disability Insurance
Risks
Heavy investment in new infrastructure could strain financial resources if demand falters.
Increased competition in AI data centers may dilute Core Scientific's market share.
Dependence on high energy consumption exposes the company to energy price fluctuations.
Differentiation
Core Scientific specializes in high-performance, net carbon-neutral blockchain infrastructure.
The company offers faster infrastructure delivery than competitors like Digital Reality and Equinix.
Core Scientific integrates AI computing with blockchain, enhancing its service offerings.
Upsides
Core Scientific's $6.1 billion AI data center hub signals strategic growth in AI.
The $550M zero-interest convertible notes offering strengthens financial stability for expansion.
Partnership with CoreWeave expands AI infrastructure, promising significant future revenue.
Funding
Total raised$75.87 M
Latest valuation$270.00 M
StageIPO
POST IPO EQUITY
8/31/2023$53
POST IPO DEBT
6/30/2022$100
SPAC IPO
12/31/2021$300
LATE VC
6/30/2021$54
$270.00 MDEBT
4/30/2020$21
SEED
2/28/2018$1
$5.00 M