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Bitcoin Miner Core Scientific Signs $3.5B, 12-Year Deal with Nvidia-Supported CoreWeave

Jun 4, 2024, 11:30 AM

Core Scientific, a prominent Bitcoin miner, has entered into a $3.5 billion, 12-year contract with Nvidia-supported cloud AI company CoreWeave. This strategic partnership signifies Core Scientific's move beyond crypto mining to incorporate high-performance computing (HPC) and machine learning. Core Scientific will provide 200 megawatts (MW) of data center space for CoreWeave's high-powered computing operations and will modify existing facilities for a launch in 2025.