PANews October 22 news, according to Cointelegraph, Bitcoin mining company Core Scientific announces an expansion of its hosting contract with artificial intelligence computing company CoreWeave. The extended agreement will add 120 MW of power to CoreWeave's high-performance computing (HPC) operations, bringing the total power of six Core Scientific sites to 500 MW. The revised partnership is expected to generate up to $8.7 billion in revenue for Core Scientific over the next 12 years.

All capital investments required to upgrade Core Scientific's data centers will be funded by CoreWeave, with $180 million in infrastructure investment counted towards hosting fees. The expanded contract also allows for two possible five-year renewal terms. The two companies first announced their collaboration in June 2024, with a 12-year agreement valued at $3.5 billion. At that time, the infrastructure provided for CoreWeave accounted for approximately 18% of Core Scientific's total operational capacity.