Bitcoin Miner Core Scientific Expands Nvidia-Backed Deal with CoreWeave for $6.7B AI and HPC Infrastructure

Aug 6, 2024, 04:21 PM

Core Scientific, a Bitcoin miner, has announced the exercise of an additional contract option by Nvidia-backed CoreWeave for the delivery of approximately 112 MW of additional infrastructure to host high-performance computing operations. This expansion is expected to provide Core Scientific with an additional $2 billion in revenue over the next 12 years, bringing the total value of the agreement to approximately $6.7 billion. The contract has significantly boosted Core Scientific's stock, highlighting its strategic pivot towards AI and high-performance computing.