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Core Scientific to host more CoreWeave infrastructure, targets .7B revenue

Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue

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Source: Coin Telegraph

CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations. 

Bitcoin miner Core Scientific has announced the expansion of its hosting contract with artificial intelligence computing firm CoreWeave.

According to an Oct. 22 announcement, the extended agreement adds 120 megawatts (MW) of power to CoreWeave’s high-performance computing (HPC) operations, bringing the total to 500 MW across six Core Scientific sites.

The revised partnership is expected to generate up to $8.7 billion in revenue over the next 12 years for Core Scientific.

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Author: Ana Paula Pereira