The Core Scientific Action (CORZ) jumped more than 11% afterwards on Wednesday after the Data Center and the Bitcoin extraction company declared that it provided for an expansion of $ 1.2 billion from a data center in Denton, Texas, with Coreweave, to take charge of artificial intelligence (AI) and the Cloud Computing High Performance (HPC).
“The 70 MW [megawatt] additional contractual power on the Deton site increases the full critical computer charge at around 260 MW “, according to a press release.
“The agreement increases the total contractual HPC infrastructure of Corewave with Core Scientific at around 590 MW on six sites. We believe that this addition aligns with the growing need of robust and high density infrastructure to support NVIDIA GPU operations.”
Read more: Bitcoin miners rotate AI to survive. Core Scientific entered the race years ago
The expansion is based on a partnership between the two companies, which focuses on the deployment of advanced IT solutions on a large scale. Core Scientific said that the company “actively searches for additional sites to expand its HPC accommodation capacity”, underpins the growing demand for data centers that can host and take charge of calculation power for HPC and IA machines.
“With more than $ 10 billion in potential cumulative revenue with Coreweave, we believe that Core Scientific is strategically placed to capitalize on the growing demand for dense data centers,” the press release said.
Bitcoin minors have moved some of their IA powers to AI to diversify their sources of income, because competition in the mining industry has become intense after the recent event in half and the increase in electricity costs.
Coreweave, a cloud supplier specializing in workloads based on AI and GPU, quickly set up its infrastructure to support the growing demand of companies.
Read more: AI is there, but that does not mean that bitcoin minors are finished
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