Core Scientific has announced an expansion of its hosting contract with AI computing provider CoreWeave, adding 120 megawatts (MW) to its infrastructure. This brings the total capacity to 500 MW across six Core Scientific sites. The extended partnership is projected to generate up to $8.7 billion in revenue for Core Scientific over the next 12 years. The modification of sites required to support this additional capacity is set to begin in late 2025, with operations anticipated to commence in late 2026. CoreWeave will cover all capital investments needed for infrastructure upgrades, including a $180 million investment to be credited against hosting fees. This partnership also includes two optional five-year renewal terms. Core Scientific emerged from bankruptcy earlier this year amid volatility in Bitcoin prices, and the new infrastructure will support both high-performance computing (HPC) and its Bitcoin mining operations, with plans to allocate around 700 MW for HPC hosting, while the remaining capacity will be dedicated to Bitcoin mining operations. The CEO emphasized the significant demand for next-generation compute infrastructure, highlighting ongoing evaluations of new sites for business expansion.

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