Core Scientific Partners with CoreWeave for $3.5 Billion AI Infrastructure Deal

Core Scientific, a major Bitcoin mining company, has partnered with CoreWeave, an AI cloud provider, in a $3.5 billion deal that is expected to generate $3.5 billion over 12 years. Core Scientific will provide 18% of its total infrastructure to CoreWeave, which will host high-performance computing operations for AI. The deal is a significant investment in AI infrastructure for Core Scientific, which is looking to diversify its revenue streams amid challenges in the Bitcoin mining industry. The partnership leverages CoreWeave's expertise in AI and its recent $7.5 billion debt facility from investors including Blackstone and Magnetar.