Basic Scientific and Coreweave Partner for AI growth

Core Scientific has announced the spread of $ 1.2 billion of his Denton, Texas, the Data Center in partnership with the artificial intelligence provider at the Cloud Cloud Coreveave.

According to Core Scientif 26. February press editionThe agreement adds 70 megawatts of contracted powers, bringing the overall critical information technology of the site at 260 MV. Over six locations, Coreveave now has 590 MV infrastructure contracted with basic scientific, reflecting the growing demand for AI and the general computer computer.

The basic scientific CEO Adam Sullivan noted that the expansion will strengthen the position of the company as a leader in digital infrastructure focused in AI focused.

“Expanding our capacity in Denton, we build one of the largest GPU super-computers in North America – increasing the wheels of core science in providing high density, high-performance high digital infrastructure.”

– Adam Sullivan, Core Scientific CEO

Core Scientific switches part of its computer resources towards AI, like Bitcoin (Btc) Miners seek alternative sources of income due to higher energy costs and transitional event 2024 oversew A miner rewards to half. With billions in projected cumulative revenues from Coreveave, the core bet on AI and computing of high performance as key growth drivers.

The company expects $ 10.2 billion in the total revenue of 12-year contractual terms. According to the agreement, the basic scientific will finance $ 104 million in capital expenses, while Coreweave encompassed additional costs. The basic science will have a long-term stake In the AI ​​infrastructure, thanks to the two optional options of the Agreement Agreement.

The company intends to use 400 MV of its 1.3 gigavates of contracted forces for mining activities Bitcoin and 900 MV for HPC Hosting. To strengthen its position as a significant player in the center data sector, basic scientifically, also actively looking for new locations to increase their AI and cloud computer opportunities.