Bitcoin mining company Core Scientific has revealed an extension of its hosting agreement with AI computing firm CoreWeave. The new deal will see an additional 120 MW of power added to CoreWeave's HPC operations, totaling 500 MW across six Core Scientific sites. This partnership is projected to bring in up to $8.7 billion in revenue over the next 12 years for Core Scientific. The necessary site modifications to accommodate the increased capacity are set to commence in the latter half of 2025, with operations expected to begin in the latter half of 2026. CoreWeave will fund all capital investments for upgrading Core Scientific's data centers, with $180 million in infrastructure investments offsetting hosting fees. The amended contract also includes provisions for two potential five-year renewal terms, allowing Core Scientific to expand its AI services and revenue streams. CEO Adam Sullivan highlighted the growing demand for infrastructure to support advanced compute workloads. Read more AI-generated news on: https://app.chaingpt.org/news

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