Apr 15, 2024

Core Scientific CEO Adam Sullivan shares his vision for the future of bitcoin mining.

Video transcript

I think you're gonna see. Mining plus is what I've been calling it essentially mining plus other things going on at those facilities. So, absolutely, we're gonna see mining going on in the United States. It's gonna look a lot more decentralized potentially than what we see today. You know, our entire focus is 2028. Right now. It's, if you're not prepared for 2024 having right now, you're a little bit behind the ball. Um, but in 2028 we're gonna be in a much different environment. 2028 is going to be a time period where you're gonna have sites in your facility where you might only have 60 or 70% of time, but you're gonna have very low power costs and you're gonna have other sites that, you know, might be 20 to 50 megawatt sites where you're essentially ring out some power strategy at a very small location. You know, you compare that to what the industry has been focused on for the past three years, which are all mega sites. And I think the future of Bitcoin money looks much more decentralized on a side by side basis. And it's gonna be a lot more power strategy based.

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