Core Scientific CEO Adam Sullivan shared in an interview with Bernstein analysts that the Bitcoin miner could grow exponentially over the next few years, driven by its AI data center services. The company, which recently exited bankruptcy, signed a $3.5 billion deal with AI firm CoreWeave to convert Bitcoin mining facilities into AI data centers. Sullivan highlighted Core Scientific's competitive edge in delivering infrastructure faster than other data center companies and discussed its plans to maximize economic efficiency in Bitcoin mining while diversifying into AI services. Despite these efforts, Sullivan noted that other Bitcoin miners have yet to enter the AI services space. Sullivan believes Core Scientific could potentially reach a valuation of $25 to $30 billion in the future. Bernstein currently rates Core Scientific as "outperform" with a price target of $17, significantly above its current $10 stock value. Source: The Block