Core Scientific expands cooperation with AI company CoreWeave

Bitcoin miner Core Scientific announced the expansion of its escrow contract with artificial intelligence computing company CoreWeave, adding 120 trillion watts (MW) of power for high-performance computing (HPC) operations, bringing total capacity to 500 MW. The partnership is expected to generate $8.70 billion in revenue for Core Scientific over the next 12 years. All infrastructure upgrades will be funded by CoreWeave, with an investment of $180 million. The expansion will help Core Scientific further diversify its revenue streams and enhance its AI service capabilities after the bankruptcy reorganization.