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Core Scientific's market share in AI compute by end of 2026?
5
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Core Scientific Secures $3.5B, 12-Year Deal with CoreWeave for 200 MW HPC Infrastructure
Jun 4, 2024, 07:46 AM
Core Scientific, a prominent crypto mining firm, has entered into a significant 12-year partnership with Nvidia-supported CoreWeave. The $3.5 billion deal will see Core Scientific provide approximately 200 MW of infrastructure to host CoreWeave’s high-performance computing services, marking a strategic shift beyond crypto mining into high-performance computing (HPC) and machine learning. The contract is expected to generate substantial revenue for Core Scientific over the next 12 years. Core Scientific currently operates about 750 MW of data centers for bitcoin mining, with plans to modify existing facilities for the new venture, expected to launch in 2025. This partnership will also support training artificial intelligence and capture significant AI compute opportunity.
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