CoinVoice has recently learned that Core Scientific, a North American Bitcoin mining and hosting service provider, has announced that it has signed a series of 12-year contracts with AI hyperscale company CoreWeave. The agreement is expected to generate an average annual revenue of approximately $290 million, with a total cumulative revenue of more than $3.5 billion over the 12-year period.
Under the contract, CoreWeave will finance all capital investments required to modify Core Scientific's existing infrastructure. To offset the costs, CoreWeave plans to provide Core Scientific with a loan of approximately $300 million, which will be deducted from its monthly hosting fees over time. [Original link]
