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Core Scientific To Provide CoreWeave Up To 16 MW Of Data Center Infrastructure To Support AI And HPC Workloads In Long Term Hosting Contract With Potential Revenue Of Over $100M

Author: Benzinga Newsdesk | March 06, 2024 05:30pm
  • Strategic extension of data center hosting business levers Core Scientific's expertise in high value compute to broaden revenue model to customers engaged in rapidly growing High-Performance Computing ("HPC")
  • Core Scientific leases Austin, TX data center formerly housing Hewlett Packard; provides basis for potential growth opportunities with expanded infrastructure
    • The Company expects this contract to be accretive to 2024 earnings

Posted In: CORZ


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