š **Core Scientific Powers Up with CoreWeave!**
- Bitcoin miner Core Scientific is supercharging its partnership with AI computing firm CoreWeave, adding 120 MW to their high-performance computing (HPC) operations. That's a total of 500 MW across six sites!
- Expecting to rake in up to $8.7 billion over 12 years, Core Scientific's stock (CORZ) is already up 5.1%, trading at $13.48 on Nasdaq.
- Site upgrades kick off in late 2025, becoming operational by late 2026. CoreWeave will fund $180 million in infrastructure investments.
- This deal diversifies Core Scientific's revenue and boosts AI services, marking a big comeback after a rocky 2022. š”
- CEO Adam Sullivan is pumped: āSignificant demand for next-gen compute workloads!ā