Core Scientific to Provide an Extra 112 MW of High-Performance Computing Infrastructure for CoreWeave

Core Scientific announced on August 6 an extension of its collaboration with CoreWeave to provide an extra 112 megawatts (MW) of high-performance computing (HPC) infrastructure.

As per a press release distributed to Cryptonews.com, CoreWeave has opted to enhance its agreement with Core Scientific by 112 MW, raising the total HPC infrastructure to 382 MW to support CoreWeave’s NVIDIA GPUs.

Today, Core Scientific disclosed the exercise of an additional contract option by @CoreWeave for the provision of approximately 112 MW of supplementary infrastructure to facilitate high-performance computing operations.

-Increases total contracted #HPC infrastructure by CoreWeave to 382 MW across 5 $CORZ sites… pic.twitter.com/Z2Fz9dNAC8

— Core Scientific (@Core_Scientific) August 6, 2024

CoreWeave Exercises Option to Expand Contract

The newly augmented contract with CoreWeave is expected to yield an additional $2.0 billion in cumulative revenue over the 12-year duration. This enhancement raises the total anticipated revenue from CoreWeave’s agreements to $6.7 billion, which includes the previously disclosed $4.7 billion.

“We have now secured a total of 382 megawatts of HPC infrastructure with CoreWeave, reflecting the robust demand for high-capacity data center infrastructure and our team’s distinctive capability to deliver it,” stated Core Scientific CEO Adam Sullivan.

“The recent contract also confirms that our approach to developing application-specific data centers aligns with the growing energy density needs for high-performance computing that traditional data centers often fail to meet,” Sullivan remarked.

Core Scientific Wields 1.2 GW of Contracted Power

According to the agreements revealed on June 3 and June 25, 2024, CoreWeave will finance all capital expenditures necessary to enhance Core Scientific’s infrastructure for high-performance computing. The new contract also encompasses options for two additional five-year renewal periods.

“CoreWeave has one remaining option for 118 megawatts of our infrastructure, and we are actively developing our pipeline of potential new sites to broaden our infrastructure portfolio and business prospects,” Sullivan added.

The release indicated that Core Scientific, with 1.2 gigawatts of contracted power, can now offer nearly 500 MW of HPC hosting infrastructure. This capacity is designated for alternative compute workloads, strategically located near major urban centers and fiber lines.

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