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Nvidia-Backed AI Cloud Provider Increases Use of Crypto Mining Facilities: CoreWeave Expands Contract as Miners Shift to AI
CoreWeave, an AI hyperscale in collaboration with GPU giant Nvidiahas expanded its existing contract to lease high-performance computing capacity from Scientific coreCore Scientific is one of the largest owners and operators of cryptocurrency mining services in North America.
CoreWeave was once a cryptocurrency mining company. It abandoned that business years ago, moving instead toward visual effects rendering, inference serving, and pixel streaming. When he was released ChatGPT by OpenAI has opened the fire hose of demand for AI computing, CoreWeave I saw an opportunity.
The company now offers, among other services, cloud-based AI training, tuning and operation of different models. It worked together with Bit192, for example, to bring GPT-NeoX-20B to Japan.
It uses Kubernetes-native infrastructure with over 45,000 high-end Nvidia GPUs to handle intensive processing needs for a variety of scenarios. Because demand for such processing capabilities has grown so rapidly, many cryptocurrency miners, such as Core Scientific, have repurposing their data centers to meet the need.
Under the original contract, Core Scientific was to provide 200MW of high-performance computing (HPC) hosting to CoreWeave for 12 years. That contract includes options to expand that infrastructure, which Core Scientific recently announced that CoreWeave had exercised.
The terms of the new deal will see Core Scientific modify a total of 100 MW of its infrastructure. This will add approximately 70 MW of additional capacity that CoreWeave can use for its Nvidia GPUs in HPC operations. According to Adam Sullivan, CEO of Core Scientific, “many data centers built in the last 20 years are not suitable for supporting future computing needs.”
Through its Application Specific Data Centers (ASDCs), Core Scientific can support the higher rack power densities required by HPC operations, such as those employed by CoreWeave. Core Scientific’s Austin, Texas data center has a total of 1.2 GW of contracted power available for its operations.
By the second half of 2025, CoreWeave will likely lease about 270 MW of that capacity. It also still has the ability to expand an additional 230 MW of HPC hosting infrastructure at other Core Scientific sites.
CoreWeave isn’t just operating in the United States, though. The company is also expanding into Europe, with plans for data centers in Norway, Spain, and Sweden by the end of 2025. CoreWeave already has two data centers in the United Kingdom, as well as a European headquarters.