Core

Future

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Core Scientific will supply an additional 70 MW to host CoreWeave’s high-performance computing operations.</li> 
 <li>The agreement is expected to generate approximately $290 million in annual revenue and more than $3.5 billion in total revenue over 12 years.</li> 
</ul> 
<p> Core Scientific, a prominent <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> miner, has revealed that it will provide an additional 70 MW to host the high-performance computing operations of CoreWeave. </p> 
<h2 id="details-of-the-agreement">Details of the Agreement</h2> 
<p>The company stated that under the newly announced agreement, Core Scientific will modify a total of 100 MW of its owned infrastructure to deliver around 70 MW for CoreWeave’s NVIDIA GPUs for high-performance computing operations. </p> 
<p>CoreWeave has chosen to exercise its first option to contract for more infrastructure as per the terms of a 12-year, 200 MW deal signed earlier this month. </p> 
<p>“All capital investments required to modify Core Scientific’s existing infrastructure will be funded by CoreWeave,” the company said. </p> 
<h2 id="the-future-of-core-scientific">The Future of Core Scientific</h2> 
<p>According to Core Scientific CEO Adam Sullivan, the company is well-positioned to design for the future and build application-specific data centers (ASDCs), which are designed to support much higher rack energy densities across large footprints. </p> 
<p>“Our ASDCs will serve clients such as CoreWeave as they deploy next generation chips with higher densities at scale,” Sullivan added. </p> 
<p>Earlier this month, Core Scientific announced its contract with CoreWeave, an AI Hyperscaler. At that time, the company expected the agreement to generate, on average, about $290 million in annual revenue and more than $3.5 billion in total revenue over the 12 years. </p> 
<p>Since the Bitcoin halving event in April, which reduced miner rewards by 50%, Bitcoin miners like Core Scientific have been looking to expand their revenues. </p> 
<p>Upon the announcement, Core Scientific investors reacted positively, with its stock (ticker CORZ) rising by nearly 10%.</p>

CoreWeave Boosts Bitcoin Mining Capabilities with Additional 70 MW Infrastructure from Core Scientific

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Ďalšie články zverejnené 25. 6. 2024

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