Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities.
Cloud computing provider CoreWeave has beefed up its deal with Bitcoin miner Core Scientific by exercising an option to receive additional infrastructure for its NVIDIA graphics processing units (GPUs) on top of capacity agreed to earlier in June. The decision adds another $1.225 billion to the income Core Scientific expected to receive under earlier agreements.
Under the option, Core Scientific will modify its facilities in Austin, Texas to begin providing 70 MW of infrastructure for CoreWeave in the second half of 2025. Core Scientific is a month ahead of schedule in its preparations to host CoreWeave capacity.
CoreWeave will fund the necessary capital investments. Another 70 MW of infrastructure will be created in addition to the 200 MW foreseen in early June. That agreement was worth $3.5 billion over its 12-year term.
