CoreWeave, an AI cloud provider supported by Nvidia, ramps up cryptocurrency mining operations as miners shift focus to artificial intelligence; extends contract expansion.

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CoreWeave, a company previously involved in cryptocurrency mining, has transitioned into providing cloud-based AI training, model fine-tuning, and operation services. Through a partnership with Bit192, CoreWeave helped bring GPT-NeoX-20B to Japan, utilizing over 45,000 high-end Nvidia GPUs and native Kubernetes infrastructures to meet the growing demand for AI computing capabilities. To satisfy this demand, many cryptocurrency miners, including Core Scientific, are repurposing their data centers.

Under the existing contract, Core Scientific was to provide 200 MW of high-performance computing hosting to CoreWeave over 12 years. Recently, CoreWeave has exercised its options to expand this infrastructure, leading to Core Scientific modifying an additional 100 MW of its infrastructure to add around 70 MW more capacity for CoreWeave’s operations. Core Scientific CEO Adam Sullivan emphasizes the importance of updating data centers to meet future computing needs through Application-Specific Data Centers (ASDCs) that can handle higher rack power densities for HPC operations.

CoreWeave is expected to lease around 270 MW of Core Scientific’s capacity by the second half of 2025, with the option to scale an additional 230 MW at other Core Scientific sites. The company is also expanding in Europe, planning to establish data centers in Norway, Spain, and Sweden by the end of 2025, in addition to its current presence in the UK.

With the growing demand for AI computing services, CoreWeave’s collaboration with Core Scientific highlights the need for advanced infrastructure to support the evolving computing requirements of various industries globally.

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https://www.tomshardware.com/tech-industry/artificial-intelligence/nvidia-backed-ai-cloud-provider-increases-use-of-cryptocurrency-mining-facilities-coreweave-expands-contract-as-miners-pivot-to-ai