Nasdaq-listed, Core Scientific operates large-scale data centers in the United States, with a Bitcoin mining heritage (12.35 EH/s in 2025). Emerged from Chapter 11 in early 2024, signed a June 2024 contract with CoreWeave for 382 MW of HPC infrastructure over 12 years (~$10.2B cumulative revenue). A $9B CoreWeave merger offer was rejected by shareholders in October 2025. A $3.3B junk bond raised in April 2026 to finance 6 new AI data centers.
CORZ has become the textbook case of mining-AI convergence, but with a twist: management and shareholders chose to stay independent rather than be absorbed by CoreWeave. This veto re-rated the stock in favor of independence — CORZ won't be a subsidiary but a standalone listed infrastructure for AI compute. The existing CoreWeave contract already represents ~80% of future revenue, structural transformation already secured. Residual BTC mining becomes a secondary option the company can downsize or maintain opportunistically with the cycle.
One of the most differentiated listed theses in AI hosting build-out: 12-year contracted revenue, indirect CoreWeave exposure without the neocloud growth premium, residual BTC optionality. Hybrid profile with high capex but rare revenue visibility. Core L3 AI hosting allocation.
Everything you need to know about NeonBridge and the compute economy.
Oil powered the 20th century. Compute powers the 21st. Every time an AI model runs or a Bitcoin block is mined, it takes energy, chips, data centers, and cloud infrastructure to make it happen. The companies building all of that form the compute economy. NeonBridge tracks 200+ of them across 7 categories.
Just like oil or electricity, compute is a raw resource that every industry needs. AI models can't train without GPU cycles. Bitcoin can't exist without hashrate. As demand grows, the companies that produce, store, and distribute compute become critical infrastructure. That makes compute the defining commodity of this century.
AI and Bitcoin are not two separate topics. They are two expressions of the same industrial revolution. AI transforms compute into intelligence. Bitcoin transforms compute into verifiable scarcity. Both need the same physical foundations: energy, chips, and data centers. That is why NeonBridge tracks them together, as one economy.
Most companies in the tracker are publicly listed stocks you can buy through any brokerage account. We highlight EU-friendly brokers like Trade Republic, Interactive Brokers, DEGIRO, and Scalable Capital to help you get started. No crypto wallet needed for the equity side.
Like any sector, compute infrastructure carries risk. Chip supply chains can be disrupted by geopolitics. Energy costs fluctuate. AI regulation is evolving fast. Bitcoin mining profitability depends on network difficulty and price cycles. Diversifying across the 7 categories of the compute economy helps reduce exposure to any single risk.
Global AI compute capacity doubles every 6-7 months, fueled by explosive AI adoption outpacing historical trends, with contributions from Bitcoin mining infrastructure repurposing and autonomous systems. Governments worldwide have committed hundreds of billions to chip manufacturing and power infrastructure. This reflects an enduring industrial shift comparable to electrification.
