Bitcoin Miner Core Scientific (CORZ) Shares Spike After Signing $2B of Additional Computing Contract

The HPC and artificial intelligence (AI) companies require energy intensive data centers, sites and infrastructure which are expensive and time consuming to secure. Bitcoin miners on the other hand, already have power contracts and infrastructure that are ready to support such needs, making them the easier candidates to host the HPC and AI-related machines than building from scratch or use legacy data centers.