Bitcoin Miner Core Converts Data Infrastructure for AI (1)

Bitcoin miner Core Scientific Inc. is converting part of its infrastructure in order to power high-performance computing operations for artificial-intelligence companies.

The Austin, Texas-based company deployed 16-megawatt data-center capacity for AI startup CoreWeave Inc. and plans to convert more going forward. The move comes amid a slump in Bitcoin mining revenue and growing demand for data centers to host graphics processing units to power AI applications.

Core Scientific shares rose as much as 8.6% to $3.78 on Thursday. The shares of the company, which relisted after emerging out of bankruptcy in January, are up about 7.7% this year .

The ...