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28 Apr 2026, 09:30
Core Scientific Transforms Bitcoin Mining Capacity Into Massive AI Data Center Campus in Texas
BitcoinWorld Core Scientific Transforms Bitcoin Mining Capacity Into Massive AI Data Center Campus in Texas Core Scientific (CORZ) plans to repurpose part of its Bitcoin mining capacity for AI data centers in Pecos, Texas. The company will develop a site with up to 1.5 GW of capacity, as reported by Cointelegraph. Approximately 1 GW of this capacity will be available for lease. Additionally, about 300 megawatts (MW) currently used for Bitcoin mining will convert to data center operations. Core Scientific also purchased over 200 acres of land to support this expansion. Core Scientific AI Data Center Expansion Details This strategic shift marks a significant pivot for the cryptocurrency mining firm. The Pecos site will transform into a massive AI-focused data center campus. Core Scientific aims to meet growing demand for high-performance computing infrastructure. The company plans to lease 1 GW of capacity to AI and cloud computing clients. This move aligns with broader industry trends toward repurposing energy-intensive mining facilities. The conversion of 300 MW of Bitcoin mining capacity is a key component. These operations will shift from cryptocurrency mining to supporting AI workloads. Core Scientific purchased additional land to accommodate the expanded campus. The site’s total capacity of 1.5 GW positions it among the largest data center developments in the United States. Strategic Shift From Bitcoin Mining to AI Infrastructure Core Scientific’s decision reflects changing market dynamics. Bitcoin mining profitability has faced pressure from energy costs and regulatory scrutiny. Meanwhile, AI data center demand has surged due to advances in machine learning and cloud computing. By repurposing existing infrastructure, Core Scientific leverages its energy expertise for a new revenue stream. The company already operates large-scale Bitcoin mining facilities. These sites have robust power infrastructure and cooling systems. Converting them for AI workloads requires upgrades but reduces initial capital expenditure. This approach offers faster time-to-market compared to building new data centers from scratch. Industry Context and Expert Perspectives Industry analysts view this move as a natural evolution. Cryptocurrency mining firms possess valuable assets: access to low-cost energy and existing facilities. AI data centers require similar attributes. Experts at JPMorgan note that such conversions could reshape the data center landscape. They highlight the potential for hybrid facilities that serve both blockchain and AI workloads. Core Scientific’s Pecos site benefits from Texas’s deregulated energy market. The state offers competitive electricity prices and renewable energy options. This makes it attractive for energy-intensive operations like AI training. The company’s land acquisition further secures its position in this growing market. Technical and Operational Implications Converting Bitcoin mining infrastructure for AI requires specific technical adjustments. Bitcoin miners use ASIC chips optimized for hash calculations. AI data centers need GPU clusters for neural network training. Core Scientific must install new hardware and networking equipment. Cooling systems also require upgrades to handle higher heat loads from GPUs. The company’s experience with large-scale operations provides an advantage. Core Scientific manages over 700 MW of Bitcoin mining capacity across multiple sites. This operational expertise translates to managing complex data center environments. The company can leverage existing supply chain relationships for hardware procurement. Power infrastructure: Existing substations and transformers can support AI workloads with modifications Cooling systems: Immersion cooling used for Bitcoin mining can adapt for GPU clusters Network connectivity: Fiber optic connections must upgrade for high-bandwidth AI data transfer Security: Physical security measures already in place for mining facilities require enhancement Market Impact and Competitive Landscape Core Scientific’s announcement affects multiple sectors. The cryptocurrency market may see reduced mining capacity. AI infrastructure providers face new competition from converted mining sites. Traditional data center operators must adapt to this emerging trend. The Pecos site will compete with established AI data center hubs in Northern Virginia and Silicon Valley. Texas offers lower land costs and faster permitting processes. However, the state faces challenges with grid reliability during extreme weather events. Core Scientific must address these risks through backup power systems and renewable energy integration. Other mining firms may follow Core Scientific’s lead. Companies like Riot Platforms and Marathon Digital Holdings have similar infrastructure. They could also pivot toward AI services. This trend could accelerate the convergence of cryptocurrency and AI industries. Timeline and Development Phases Core Scientific has not announced specific completion dates. Industry estimates suggest the first phase could be operational within 18-24 months. The conversion of 300 MW will likely occur first. The additional 1 GW for lease will require new construction and longer timelines. The company must secure tenants for the leased capacity. Major cloud providers and AI startups are potential customers. Core Scientific may offer colocation services or fully managed solutions. The success of this project depends on attracting anchor tenants with long-term commitments. Conclusion Core Scientific’s decision to repurpose Bitcoin mining capacity for AI data centers represents a strategic evolution in the cryptocurrency and infrastructure sectors. By converting 300 MW of existing mining operations and developing up to 1.5 GW of AI-focused capacity in Texas, the company positions itself at the intersection of two high-growth industries. This move leverages existing energy assets while addressing growing demand for AI computing. The success of this project could influence other mining firms and reshape the data center landscape. Core Scientific’s AI data center expansion highlights the adaptability of cryptocurrency infrastructure for emerging technologies. FAQs Q1: Why is Core Scientific converting Bitcoin mining capacity to AI data centers? Core Scientific is responding to growing demand for AI computing infrastructure. Bitcoin mining profitability has declined, while AI workloads require similar energy and cooling resources. This conversion allows the company to leverage existing assets for a higher-growth market. Q2: How much capacity will Core Scientific’s AI data center have? The Pecos, Texas site will have up to 1.5 GW of total capacity. Approximately 1 GW will be available for lease to AI and cloud clients. About 300 MW currently used for Bitcoin mining will convert to data center operations. Q3: What are the advantages of converting Bitcoin mining sites for AI? Existing power infrastructure, cooling systems, and land reduce initial capital costs. Mining firms have expertise in managing large-scale energy operations. This approach offers faster deployment compared to building new data centers from scratch. Q4: Will other Bitcoin mining companies follow Core Scientific’s lead? Industry analysts expect other mining firms to explore similar conversions. Companies with large power contracts and existing facilities may pivot toward AI services. This trend could accelerate as AI demand continues to grow. Q5: What technical changes are needed for this conversion? Core Scientific must replace ASIC miners with GPU clusters for AI workloads. Cooling systems require upgrades for higher heat loads. Network infrastructure needs enhancement for high-bandwidth data transfer. Security and monitoring systems also require updates. This post Core Scientific Transforms Bitcoin Mining Capacity Into Massive AI Data Center Campus in Texas first appeared on BitcoinWorld .
28 Apr 2026, 09:26
Solana Price Prediction: $88 Resistance Caps Rally As Breakout Decision Nears
Solana is trading inside a tightening range as short term charts show pressure building near key resistance. SOL needs a clean move above the $87 to $88 area to confirm upside momentum, while a drop below $83 could shift focus back to lower support. Solana Triangle Setup Points to Possible 10% Move as Price Nears Apex Solana is moving inside a tightening triangle on the 1 hour chart, with price compressed between lower highs and higher lows. The chart shared by Ali Charts shows SOL trading near $85.82 after a pullback from the upper trendline. The pattern has narrowed through late April, which means volatility has been shrinking as price moves closer to the triangle apex. SOL 1HR Chart. Source: Ali Charts on X A breakout above the upper trendline near the $87 area would support the bullish case. In that setup, SOL could target the $89 to $92 range, based on the chart’s visible resistance zone and Ali’s 10% move estimate. However, a drop below the lower trendline would weaken the setup. That could put the $85 and $84 areas back in focus, with deeper support near $82 if sellers take control. For now, the chart shows compression rather than a confirmed direction. SOL needs a clean breakout from the triangle before the next short term move becomes clearer. Solana Stalls Below Resistance as Consolidation Tightens Solana is trading in a narrow range below resistance after a strong mid April push, with momentum slowing on the 4 hour Binance chart. SOLUSDT 4h Binance: Source: BitGuru on X The chart shared by BitGuru shows SOL recovering from the early April low near $78 before climbing toward the $90.95 area. That move marked the local high, but price has since failed to extend the breakout. SOL is now consolidating between the lower reversal zone near $83 and the resistance area near $87 to $88. The chart shows several attempts to move higher, but buyers have not pushed price back above the previous high. This range now matters for the next short term move. A clean break above $88 could bring the $90.95 high back into focus. However, failure to reclaim resistance may increase pressure on the lower part of the range. If SOL drops below the reversal zone, the setup could shift toward a deeper pullback. In that case, the $82 to $80 area would become the next support zone. For now, the chart shows consolidation, not a confirmed breakdown. Solana needs a stronger move above resistance to regain momentum and avoid another drop from this range.
28 Apr 2026, 09:19
Injective Mainnet Upgrade Officially Set for April 28 Rollout
The Injective mainnet upgrade will take place today as the proposal is approved. The upgrade focuses on technical and functional enhancements. The INJ price is showing positive signals despite short-term declines. Injective is back in focus as the network prepares for a key mainnet upgrade scheduled for April 28, 2026. With this Injective mainnet upgrade, the network is entering a pivotal phase as expectations of improved performance and a new token buyback mechanism rise. The timing of this Injective mainnet upgrade gains special attention. The update comes at a time when the INJ price action was starting to show signs of stability after weeks of downward pressure. While the broader market sentiment remains cautious , the slowdown in selling suggests that traders are no longer aggressively pushing the price down. Unveiling Key Details of Injective Mainnet Upgrade In an X post earlier today, the Injective team highlighted that the community has approved the network’s mainnet upgrade proposal. The upgrade is set to take place today at around 2:30 PM UTC, or once block height 164,394,000 is reached. The X post read, “The Injective mainnet upgrade proposal has officially been approved. The upgrade is set to optimize technical performance across the network while also enhancing Injective’s onchain modules and $INJ token buybacks. The mainnet upgrade is scheduled to occur on April 28.” Via Injective’s on-chain governance system, the INJ stakers and validators voted on and passed the proposal. This means that with the successful approval, the mainnet upgrade is set to take place on April 28, bringing changes to both technical and functional elements. Notably, the Injective mainnet upgrade intends to bring major enhancements to technical aspects. It also targets how the token functions within the ecosystem. At its core, the upgrade aims to make the network faster and more efficient by improving execution and refining its on-chain modules. This should make Injective more reliable for DeFi applications and trading activity. It is worth noting that this development comes following the Solana network’s strategic move for a quantum-resistant upgrade. As CryptoNewsZ reported, both Anza and Jump Crypto’s Firedancer selected Falcon. Bybit Supports Injective Mainnet Upgrade Bybit, a prominent crypto exchange, has announced support for the Injective mainnet upgrade. The exchange wrote on a blog post, “Bybit will be supporting the Injective (INJ) v1.19.0 Network Upgrade, which is expected to take place on Apr 28, 2026, 02:30PM UTC approximately, or at the block height of 164,394,000. To ensure a smooth transition, deposits and withdrawals via Injective (INJ) will be temporarily suspended starting from Apr 28, 2026, 01:30PM UTC.” As part of the upgrade, the exchange will temporarily suspend INJ deposits and withdrawals starting one hour earlier, at 1:30 PM UTC today. However, users can continue trading INJ as usual, as spot and other trading services will not be affected. How Does the INJ Price React? More importantly, the introduction of INJ token buybacks adds a new layer of demand, as tokens will be repurchased based on network usage. While this creates a stronger long-term support system for the token, the current price action suggests that traders are still waiting to see real results before reacting strongly. As of press time, the INJ price INJ -1.62% is valued at $3.61, marking a marginal decline of 1.16% in a day. This indicates that the Injective mainnet upgrade news hasn’t made much impact on the INJ price in the short term. However, the INJ crypto has seen notable hikes of 9% and 28% over the past week and month, respectively. This indicates that despite the short-term dip, the token is showing positive signals, sparking optimism.
28 Apr 2026, 09:13
Shiba Inu Price trades near key resistance as breakout setup builds toward $0.0000080 target
Shiba Inu remains locked in a tight trading range as volatility stays muted across the meme coin sector. The token shows limited directional movement despite repeated tests of key price levels. Market participants continue to monitor whether accumulation will translate into momentum. Price action now sits between a defended support zone and a strong resistance barrier. Shiba Inu Price holds support as resistance limits upside momentum At the time of writing, Shiba Inu was trading at $0.00000618, posting a slight gain over the past 24 hours. The token shows almost no change over the past week and month. This confirms a prolonged consolidation phase with compressed volatility. Price data shows SHIB rebounded from a major support level at $0.0000053. The decline began during a broader crypto market pullback on February 6. The token later retested the same support on March 8 after sustained bearish pressure. Buyers defended the level on both occasions. The reaction triggered a 16.6% recovery from the support zone. TradingView analyst “The-Thief” linked this behavior to renewed buying interest. The analyst noted that strong demand emerged each time price approached the lower boundary. SHIB now faces resistance at $0.0000064. The token first encountered this level on March 16. Since then, repeated attempts to break higher have failed. Price action continues to compress beneath this barrier, forming a tight structure. “The-Thief” stated that a confirmed daily close above $0.0000064 with strong volume could trigger a breakout. The analyst added that the move only requires a 3.5% upside from current levels. A successful breakout would signal a shift in market structure. If confirmed, the setup projects two upside targets. The first stands at $0.0000072, equal to a 16% increase. The second target sits at $0.0000080, representing a 29% rise from current prices. Exchange inflows rise as volume signals weak participation Exchange data shows 81.6 billion SHIB tokens moved into exchanges over the last 24 hours. This increase signals rising inflow pressure during consolidation. It suggests more tokens are positioning for potential trading activity or distribution. At the same time, trading volume declined by 5.5% over the same period. This drop indicates weaker participation across the market. Activity remains limited despite increased inflows, reflecting cautious sentiment among traders. The combination of higher exchange inflows and lower trading volume points to indecision. Market participants appear to wait for confirmation before entering new positions. This behavior keeps SHIB trapped within its current range. A breakout scenario depends on sustained volume expansion and resistance clearance. A move above $0.0000064 would confirm bullish continuation. However, the structure becomes invalid if SHIB closes below $0.0000058. That level defines the lower boundary of the current consolidation range.
28 Apr 2026, 09:05
BTC Liquidation Alert: Over $524M in Longs Face Wipeout Below $76,080
BitcoinWorld BTC Liquidation Alert: Over $524M in Longs Face Wipeout Below $76,080 A massive wave of BTC liquidation looms over the cryptocurrency market. Data from CoinGlass reveals that a drop below $76,080 would trigger the liquidation of $524.29 million in long positions on major centralized exchanges. This development underscores the high leverage and volatility inherent in Bitcoin trading. Understanding the BTC Liquidation Threshold Liquidation occurs when a trader’s position is forcibly closed due to insufficient margin. The $76,080 level acts as a critical support. A breach could cascade into forced selling, amplifying downward pressure. Conversely, a move above $77,619 would liquidate $325.66 million in short positions. This asymmetry highlights the current market bias. Key Liquidation Levels at a Glance Below $76,080: $524.29 million in long positions at risk. Above $77,619: $325.66 million in short positions at risk. Current market sentiment: Bearish bias, with longs outweighing shorts. Market Context and Background Bitcoin’s price has faced persistent selling pressure in recent weeks. Macroeconomic factors, including interest rate uncertainty and regulatory news, contribute to this volatility. The liquidation data reflects trader positioning. Many traders entered long positions, expecting a breakout. However, the market has moved against them. Impact on Traders and Exchanges For individual traders, a liquidation event can mean total loss of capital. Exchanges benefit from liquidation fees but face reputational risk during extreme events. Centralized exchanges like Binance and Bybit hold the majority of these positions. The data aggregates positions across multiple platforms. Expert Analysis and Real-World Relevance Market analysts emphasize the importance of risk management. “Liquidation cascades can create flash crashes,” says a crypto derivatives expert. “Traders should monitor these levels closely.” The $76,080 level aligns with previous support zones. A break below could signal a deeper correction. Timeline of Recent Events Last week: Bitcoin tested $78,000 resistance, failing to hold. Yesterday: Price dropped to $76,500, triggering minor liquidations. Today: Market awaits direction, with $76,080 as the key level. Data-Backed Reasoning CoinGlass data is widely trusted for liquidation tracking. The $524 million figure represents open interest, not realized losses. However, if triggered, it could lead to a rapid price decline. Historical patterns show similar events in May 2021 and November 2022. In those cases, liquidations amplified market moves by 5-10%. Short Liquidation Potential On the upside, $77,619 is a key resistance. A breakout above this level would squeeze short sellers. This could drive a quick rally. However, the larger long position size suggests bears have the upper hand currently. Conclusion The BTC liquidation data serves as a critical warning for traders. With over $524 million in long positions at risk below $76,080, the market remains fragile. Understanding these levels helps traders manage risk. The cryptocurrency market continues to offer high rewards but equally high risks. Stay informed and trade cautiously. FAQs Q1: What does BTC liquidation mean? A1: BTC liquidation happens when a trader’s position is forcibly closed due to insufficient margin. It often occurs during rapid price movements. Q2: Why is $76,080 important? A2: This price level is the threshold where $524.29 million in long positions would be liquidated, potentially causing a sharp price drop. Q3: How can traders avoid liquidation? A3: Traders can use stop-loss orders, reduce leverage, and maintain adequate margin to avoid forced closures. Q4: Does this data guarantee a price move? A4: No. Liquidation data shows risk, not certainty. Market conditions can change rapidly. Q5: Which exchanges are most affected? A5: Major centralized exchanges like Binance, Bybit, and OKX hold the majority of these positions. This post BTC Liquidation Alert: Over $524M in Longs Face Wipeout Below $76,080 first appeared on BitcoinWorld .
28 Apr 2026, 09:04
Bitcoin Price Falling to $76K: Normal Bearish Pullback or Start of Something Bigger?
The Bitcoin price was rejected from the top of its bear flag on Monday, achieving a level of $79,500. The price has now fallen through a trendline it had remained above since the beginning of April. Is this just a normal healthy pullback before a breakout, or is this a sign that the bears are about to take back control? Supporting trendline gives way Source: TradingView Nearly a month of marching up from the bottom of the bear flag to the top could be over. The $BTC price was forced into a narrowing space by the trendline and the bear flag top , and it’s the trendline that appears to have given way. The price fell through and has already been back to test and confirm the breakdown. Will it be down from here? After a breakdown like this it might be expected that the price descends a lot lower. Be that as it may, the last push to the top by the bulls did in fact make a very slight higher high. If this current bearish phase does not push the price below the major $74,000 support level, this current medium term uptrend would still be intact. One thing to note is that the last higher high did in fact leave behind a small double top formation. The measured move from this double top would take the price down to around $74,500 if it fully played out. Golden cross about to take place Source: TradingView Zooming out into the daily one should note that in this higher time frame the breakdown below the ascending trendline has not been confirmed yet. The current daily candle needs to close below. One very important piece of information in this chart is that the 50-day simple moving average (SMA) is about to cross back above the 100-day SMA . This is termed as a “golden cross”, and is a bullish signal if accompanied by increasing volume, and as long as the price action stays above both moving averages. Big upside price momentum in 2-week chart Source: TradingView The weekly chart for the $BTC price shows the Stochastic RSI approaching the top of its range, therefore, from the bulls’ perspective it’s good to see that in the 2-week chart the Stochastic RSI indicator lines are just crossing up through the 20.00 level , signalling big upside price momentum. Even in the monthly time frame, the indicators are at the bottom and are in the process of crossing up. A huge wave of bullish momentum is still buoying the price higher. Can it force the price up through the top of the bear flag and on to $90,000 ? Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
