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Bitcoin miner Core Scientific says CoreWeave exercising option for 70 MW of additional infrastructure

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CoreWeave exercises the option as part of the 12-year high-performance computing contract it signed with Core Scientific earlier this month.

Core Scientific has announced it will supply an additional 70 MW to host CoreWeave’s high-computing operations.

CoreWeave decided to exercise its first option to contract for additional infrastructure under the terms of a 12-year, 200 MW, deal signed earlier this month. "All capital investments required to modify Core Scientific’s existing infrastructure ... will be funded by CoreWeave," it said. Earlier this month, the North American bitcoin miner and hosting services provider Core Scientific announced its contract with CoreWeave, an AI Hyperscaler. At the time, Core Scientific said it expected the agreement would generate, on average, approximately $290 million in annual revenue and more than $3.5 billion in total revenue over the 12 years.

 

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