Core Scientific has leased a former Hewlett Packard data center in Austin, Texas, to host CoreWeave’s infrastructure, delivering up to 16 MW of capacity for HPC expansion.
Bitcoin miner Core Scientific seeks to diversify its revenue streams ahead of the upcoming halving. The company inked a deal with artificial intelligence startup CoreWeave to provide data center services, with potential revenue of more than $100 million.
Core Scientific is leasing a tier 3 data center in Austin, Texas, that formerly housed Hewlett Packard to host CoreWeave’s infrastructure. Under the terms of the contract, the miner will deliver up to 16 MW of capacity at its new Austin data center, expanding its business to include high-performance computing (HPC).
CoreWeave is an AI cloud computing company backed by Wall Street’s major financial firms, including Jane Street, J.P. Morgan Asset Management, and Fidelity. The startup offers infrastructure for compute-intensive use cases, such as machine learning. At the end of December 2023, the company was valued at $7 billion.
