Reported Earlier, Core Scientific To Provide 200 MW Of Infrastructure For CoreWeave's High-Performance Computing
Portfolio Pulse from Benzinga Newsdesk
Core Scientific will provide 200 MW of infrastructure for CoreWeave's high-performance computing, transforming and expanding its hosting business and earnings potential while maintaining Bitcoin mining capacity. Long-term hosting agreements are expected to generate over $3.5 billion in revenue during the initial 12-year contract terms, positioning Core Scientific as a leading player in the AI data center space.
June 04, 2024 | 7:08 am
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Core Scientific's new partnership with CoreWeave to provide 200 MW of infrastructure will significantly boost its hosting business and earnings potential. The long-term agreements are expected to generate over $3.5 billion in revenue over 12 years, positioning the company as a leader in the AI data center space.
The partnership with CoreWeave and the provision of 200 MW of infrastructure will significantly enhance Core Scientific's hosting business and earnings potential. The expected $3.5 billion in revenue over 12 years is a substantial boost, and the positioning as a leader in the AI data center space is likely to attract more business and investor interest.
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