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What will be Core Scientific's total revenue from AI and HPC by end of 2025?
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Core Scientific's financial reports and earnings statements
Story
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.
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