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Core Scientific (NASDAQ: CORZ), one of the largest blockchain and AI infrastructure providers in North America, announced a major development today, extending its agreement with CoreWeave for an additional 118 megawatts of infrastructure. The extension strengthens CoreWeave’s capacity for high-performance computing (HPC) services, furthering its position in the rapidly growing artificial intelligence (AI) and cloud computing markets.
The agreement allows CoreWeave, a specialized cloud provider for GPU-intensive workloads, to significantly expand its computing power with Core Scientific’s robust infrastructure. With this option, CoreWeave can tap into 118 megawatts of power capacity across Core Scientific’s vast data center network. This extended access will support CoreWeave’s continued growth, particularly as demand for high-performance computing skyrockets amid the ongoing AI revolution.
CoreWeave, which focuses on providing flexible cloud computing solutions for machine learning, rendering, and real-time AI applications, will utilize Core Scientific’s industry-leading infrastructure to expand its service offerings. The move is expected to boost CoreWeave’s ability to support clients in sectors such as healthcare, financial services, and media, where high-performance computing is essential for real-time data processing and analytics.
The extension also underscores Core Scientific’s strategy to diversify beyond cryptocurrency mining and strengthen its foothold in the high-demand AI sector. As AI workloads become increasingly complex and resource-intensive, the need for scalable, high-powered infrastructure continues to grow. This partnership ensures both companies are well-positioned to capitalize on the growth of AI-driven applications.
“The demand for GPU-based high-performance computing continues to soar, and this expansion with Core Scientific allows us to meet our clients’ needs at scale,” said Michael Intrator, CEO of CoreWeave. “We look forward to delivering unparalleled performance and flexibility as we continue to serve the AI and cloud computing markets.”
The 118-megawatt expansion is expected to be fully operational in early 2025, with further infrastructure investments planned to meet future demand. For Core Scientific, this partnership reflects its broader ambitions to lead in both blockchain infrastructure and AI computing, reinforcing its role as a key enabler of next-generation technologies.