Core Scientific signs a $3.5 billion deal with CoreWeave to expand into AI and HPC
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Core Scientific, a prominent cryptocurrency miner, has entered into a 12-year contract for $3.5 billion with CoreWeave, a company supported by Nvidia. This arrangement signifies a deliberate change in focus from mining Bitcoin to engaging in high-performance computing (HPC) and artificial intelligence (AI) activities. The agreement will overhaul Core Scientific’s facilities, making them compatible with cutting-edge AI applications, and allocate $300 million towards enhancing the infrastructure. Implementing this action is