Mining company Core Scientific expands cooperation with AI company CoreWeave

ChainCatcher news, Bitcoin mining company Core Scientific announced an expansion of its hosting contract with artificial intelligence computing company CoreWeave, adding 120 megawatts (MW) of power for high-performance computing (HPC) operations, bringing the total capacity to 500 MW. This collaboration is expected to generate $8.7 billion in revenue for Core Scientific over the next 12 years. All infrastructure upgrades will be funded by CoreWeave, with an investment amounting to $180 million. This expansion will help Core Scientific further diversify its revenue sources and enhance its AI service capabilities following its bankruptcy restructuring.