Core Scientific and CoreWeave partner for AI growth

Core Scientific announced an expansion of $ 1.2 billion in its Deton Data Center, Texas, in partnership with the cloud supplier focused on artificial intelligence Coreweave.

According to February 26 of Core Scientific press releaseThe agreement adds 70 megawatts of contracted power, bearing the total load of critical information technologies of the site at 260 MW. On six locations, Coreweave now has 590 MW of infrastructure contracted with Core Scientific, reflecting the growing demand for IT fueled per unit and general processing.

Core Scientific Department, Adam Sullivan, has noted that expansion will strengthen the position of the company as a leader in the digital infrastructure focused on AI.

“By widening our ability to tooth, we build one of the largest GPU superordinators in North America – strengthening core scientific leadership in the supply of high density and high performance digital infrastructure. “”

– Adam Sullivan, CEO of Core Scientific

Core Scientific has moved part of his IT resources to AI, as Bitcoin (BTC) Minors are looking for alternative sources of income in the midst of higher energy costs and the divan event cup Half the awards of a minor. With billions of projected cumulative income from Coreweave, Core Scientific is betting on AI and high performance IT as key growth engines.

The company provides $ 10.2 billion in total income on the terms of the contract over 12 years. Under the agreement, Core Scientific will finance $ 104 million in capital expenses, while Coreweave will cover additional costs. Core Scientific will have a long term bet In the IA infrastructure thanks to the two optional renewal options for the five -year agreement.

The company intends to use 400 MW of its 1.3 Gigawatts of contractual power for Bitcoin extraction activities and 900 MW for HPC accommodation. To strengthen his position as an important actor in the data centers sector, Core Scientific is also actively looking for new locations to increase its AI and Cloud Computing capacities.