Bitcoin Miner Core Scientific Signs Major Deal With Nvidia-backed Firm Coreweave, Targets $3.5b In Revenue

Core Scientific, a leading blockchain infrastructure provider and digital asset miner, has signed a 12-year agreement to provide 200 MW of data center space to CoreWeave, a GPU cloud provider backed by Nvidia. This expansion into the high-growth AI data center space is expected to generate over $3.5 billion in revenue and diversify Core Scientific’s business model. The company will modify existing facilities to support CoreWeave’s HPC systems, with the project set to begin in 2024.