Core Scientific, a bitcoin mining company, is expanding its artificial intelligence (AI) capabilities through a deal with cloud-computing firm CoreWeave. The deal, which aims to generate $8.6 billion in revenue over 12 years, will involve the construction of data centers for AI clusters. Core Scientific's unique business model, which focuses on building application-specific infrastructure for data centers, gives it an advantage in the AI space. The company has a history of providing colocation services for GPUs and has a long-standing relationship with CoreWeave. The two firms will separate responsibilities, with Core Scientific building the infrastructure and CoreWeave providing computational services. AI fleets have different requirements than bitcoin mining operations, requiring expensive power redundancy measures and cooling methods. Overall, AI sites are more expensive and less versatile than bitcoin mining operations. Core Scientific has experience in both AI and mining, having used GPUs to mine ether before entering the AI market. The company emerged from bankruptcy in January and currently owns 1,600 megawatts of heavy electrical infrastructure.
- Content Editor ( coindesk.com )
- 2024-10-23
Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago