Top 8 Must-See AI News Updates Investors Should Not Miss

2. Core Scientific Inc. (NASDAQ:CORZ)

Number of Hedge Fund Holders: 58

Core Scientific Inc. (NASDAQ:CORZ) offers digital infrastructure through its purpose-built data center for HPC and digital asset mining. The company is working to allocate and convert significant portions of its nine data centers across the US to support AI-related workloads.

On February 19th, Core Scientific Inc. (NASDAQ:CORZ) announced that it expanded into Auburn, Alabama, with a new HPC facility within the existing AUBix facility, which will begin operating with a 16 MW capacity in support of AI and enterprise customers. The company will make initial investments of almost $135 million, with total investments expected to surpass $400 million.

“Auburn represents an exciting new chapter for Core Scientific as we establish our presence in Alabama. This facility is expected to play a key role in our high-performance computing strategy, and we are grateful for the strong partnership and support from local and state leaders, including Auburn city officials. We look forward to contributing to Auburn’s growing technology sector and strengthening the regional economy.”

-said Adam Sullivan, Core Scientific CEO.