Five Core Scientific engineers behind the 18 EH/s hashrate revival

Adam Sullivan leads the strategic pivot

Infrastructure scaling in Texas

Matt Tyndall directs the site development and infrastructure procurement for the company’s growing portfolio. He joined the team in September 2024 after 35 years in the design and build industry. He manages the transformation of the Pecos, Texas campus into an AI-ready facility, targeting 1.5 gigawatts of gross power capacity to meet the growing demand for high-performance computing. Tyndall previously held leadership roles at Advocate Management Partners, AUBix, and QTS Realty Trust. He also managed property development for QTS Realty Trust for 8 years. He oversees the deployment of infrastructure in Georgia, Kentucky, North Carolina, North Dakota, and Texas. The company uses 724 megawatts of power across these five states to support both Bitcoin mining and hosting. In August 2024, the company operated 175,000 owned miners with 20.5 EH/s of self-mining hashrate. The company also secures additional capacity through 300 megawatts of contract power from its utility provider and 200 acres of land. Tyndall holds a Bachelor of Science in Business Administration from Middle Tennessee State University.

Decentralization through hardware dispersion

The shift toward AI infrastructure changes how the Bitcoin network maintains its security. When companies like Core Scientific reallocate power from mining to AI, they release large amounts of mining hardware into the secondary market. These machines end up in the hands of independent operators and home miners. This movement increases decentralization by spreading computing power away from massive corporate data centers. The global network hashrate holds steady near 950 EH/s while the difficulty sits at 127.45 trillion. The metric increased by 1.31 percent to 127.45T during the most recent difficulty adjustment on September 5. As of August 2024, customer-owned miners accounted for 18% of the miners in the data centers, providing 4.9 EH/s of hosting hashrate. The company liquidated 1,900 BTC in January at an average price of $92,000 per coin to provide liquidity. This capital funds the move toward high-density colocation. The network hashrate climbed from 750 EH/s at the start of 2026 toward the current 950 EH/s level. Foundry USA Pool commands 25 percent of the network hashrate, while AntPool and F2Pool hold between 14 and 19 percent. Does the concentration of power in AI-focused firms eventually weaken the mining incentive? You should watch how the network reacts when more miners follow the lead of others.