Core Scientific Acquires Polaris for $421 Million to Expand AI Infrastructure
- Acquisition Overview: Core Scientific's $421 million acquisition of Polaris and its power infrastructure aims to expand artificial intelligence and high-performance computing capabilities, which is expected to accelerate AI data center deployment while minimizing delays from permitting and grid interconnection.
- Positive Market Reaction: Following the acquisition announcement, Core Scientific's shares surged by 9.58% to close at $24.32, indicating strong investor confidence in the company's shift towards becoming an AI infrastructure operator, reflecting robust market demand for AI-related infrastructure.
- Repurposing Energy Assets: The acquisition allows Core Scientific to repurpose energy assets previously used for Bitcoin mining into AI and data center operations, highlighting a trend where mining companies are diversifying their revenue streams to adapt to an increasingly competitive landscape.
- Industry Evolution: As the convergence between Bitcoin mining and AI computing deepens, mining firms like Hut 8 and Riot Platforms are also transitioning into AI-focused infrastructure operators, underscoring the growing significance of energy infrastructure in future digital computing strategies.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0156 | 0.0202 | 0.0241 | 0.0287 | 0.0326 | 0.0372 | 0.0411 |
| Fibonacci | 0.0202 | 0.0235 | 0.0255 | 0.0287 | 0.032 | 0.034 | 0.0372 |
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