In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders.
Core Scientific will deliver an additional 112 megawatts of computing infrastructure to support CoreWeave's operations.
Core Scientific said the deal will generate an additional $2 billion in revenue over 12 years, on top of an existing arrangement that's expected to bring in $4.7 billion.
In total, the company plans to provide about 382 megawatts of infrastructure to CoreWeave by the first half of 2026, with the possibility of adding 118 megawatts at other Core Scientific sites.
"We've seen tremendous growth since our emergence in January and have been laser focused on developing best-in-class digital infrastructure," Core Scientific CEO Adam Sullivan told CNBC.
Persons:
We've, Adam Sullivan
Organizations:
Nvidia, CNBC