Bitcoin mining company Core Scientific plans to host more CoreWeave infrastructure

Odaily Planet Daily Report: Bitcoin mining company Core Scientific announced an expansion of its hosting contract with artificial intelligence computing company CoreWeave, with the extended agreement providing an additional 120 MW of power for CoreWeave's high-performance computing (HPC) operations, bringing the total power of six Core Scientific sites to 500 MW. The revised partnership is expected to generate up to $8.7 billion in revenue for Core Scientific over the next 12 years. It is reported that all capital investments required to upgrade Core Scientific's data centers will be funded by CoreWeave, with $180 million in infrastructure investment included in the hosting fees. The expanded contract also allows for two possible five-year renewal periods. The two companies first announced their collaboration in June 2024, with a 12-year, $3.5 billion agreement. At the time, the infrastructure provided for CoreWeave accounted for approximately 18% of Core Scientific's total operational capacity. (Cointelegraph)