Core Scientific signs multi-year contract with CoreWeave with potential revenue exceeding $100 million

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Cointime2024/03/07 00:00

By:Cointime

Core Scientific has announced a long-term contract with GPU cloud provider CoreWeave to provide up to 16MW of data center infrastructure for CoreWeave. The total potential revenue associated with the contract exceeds $100 million.

Under the terms of the contract, Core Scientific will provide up to 16 MW of capacity at its new data center in Austin, Texas to host CoreWeave's infrastructure. Core Scientific is leasing a Tier III data center in Austin, which was previously owned by HP, to expand its hosting business to include HPC.

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