The Bitcoin (BTC) Miner Core Scientific (CORZ) actions fell 15% in pre-commercialization Thursday after Microsoft (MSFT) withdrew from certain agreements with the Cloud Computing company soon listed Coreweave.
Last month, Core Scientific said he was planning an expansion of the $ 1.2 billion data center with Coreweave. This week, Coreweave has applied for public supply, in the hope of raising $ 4 billion to an assessment of $ 35 billion.
According to an FT article, Coreweave, which provides a power to calculate artificial intelligence (AI) to Microsoft, faced delivery problems and missed deadlines, which made the technology giant reduced its commitments, although it remains a major partner.
Microsoft represents 62% of Coreweave revenues and has promised more than $ 10 billion in spending for its services by 2030. Coreweave quickly increased, generating $ 1.9 billion in revenues in 2024 but displaying significant losses.
It rests strongly on the AI chips of Nvidia (NVDA) and raised $ 14.5 billion in debt and equity. Microsoft’s decision aligned with its changing IA infrastructure strategy, although it remains attached to major investments in the sector.
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