The investor who blocked a $9 billion AI deal expects that bet to soon pay off

Core Scientific was a crypto mining company before repurposing its business to focus on AI.

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• A major investor in Core Scientific says the firm will lease 400 megawatts to new clients this year.
• The deals would demonstrate durable demand for data centers and that AI is in a boom, not a bubble.
• Amid a 47-gigawatt power gap, more crypto miners are expected to repurpose their operations for AI.

The investment manager who...