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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.
🤖 Bankrupt to $6.7B in 8 months? 🤯 @CoreScientific's AI-powered comeback is a must-read for anyone interested in the future of #crypto mining. Check out the full story! #AI #Innovation #Technology https://t.co/zovC9LtfSZ
Bitcoin miner @Core_Scientific's stock surges after new AI and HPC-related contract expected to provide total of $6.7 billion for revenue potential. by @Aoyon_A https://t.co/b7HOhxYDu5
Core Scientific $CORZ expanded its deal with Nvidia $NVDA backed CoreWeave to deliver an additional 112MW of computing power, providing $CORZ an additional $2B in revenue over the next 12 years. The new agreement is now worth ~$6.7B.