Core Scientific Shifts Focus to High-Performance Computing Leasing After Rejected CoreWeave Merger

Core Scientific is shifting its focus from bitcoin mining to high-performance computing leasing after a proposed merger with CoreWeave was rejected by shareholders. The company is repositioning its data center capacity towards HPC contracts, aligning its business with data center and cloud models. The new model's success will depend on the company's ability to sign HPC contracts, manage the mix between self-mining and leasing, and maintain financial stability.