Cloud computing provider CoreWeave has strengthened its collaboration with Bitcoin miner Core Scientific by opting for additional infrastructure for its NVIDIA GPUs. This decision will bring an extra $1.225 billion to Core Scientific's income. Core Scientific will enhance its Austin facilities to provide 70 MW of infrastructure for CoreWeave by the second half of 2025. CoreWeave will finance the required capital investments. This move adds to the previously agreed upon 200 MW, totaling $3.5 billion over 12 years. Core Scientific's CEO, Adam Sullivan, expressed intentions to expand their hosting business and mining capacity. Similarly, Canadian miner Hive Digital Technologies reported an 8% revenue increase, focusing on HPC services for various industries. Both companies are capitalizing on the growing demand for data center infrastructure in the crypto and AI sectors. Read more AI-generated news on: https://app.chaingpt.org/news
