According to Foresight News, Bitcoin mining company Core Scientific has signed a 12-year contract with AI Hyperscaler CoreWeave. Core Scientific expects the AI company to generate an average annual revenue of approximately $290 million, with total revenue exceeding $3.5 billion over the 12-year period. Core Scientific plans to provide 200 megawatts of infrastructure and transform existing sites to accommodate CoreWeave's operations, which are expected to be operational in the first half of 2025. To offset costs, CoreWeave plans to provide Core Scientific with approximately $300 million in funding, which will be gradually deducted from its monthly hosting fees.
